GasLog (GasLog) Debt-to-Equity : 3.11 (As of Dec. 2023)

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What is GasLog Debt-to-Equity?

GasLog's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $178.90 Mil. GasLog's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,257.43 Mil. GasLog's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,106.33 Mil. GasLog's debt to equity for the quarter that ended in Dec. 2023 was 3.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for GasLog's Debt-to-Equity or its related term are showing as below:

GLOGpA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.32 Med: 3.43 Max: 6.15
Current: 2.73

During the past 13 years, the highest Debt-to-Equity Ratio of GasLog was 6.15. The lowest was 1.32. And the median was 3.43.

GLOGpA.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs GLOGpA.PFD: 2.73

GasLog Debt-to-Equity Historical Data

The historical data trend for GasLog's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GasLog Debt-to-Equity Chart

GasLog Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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4.87

6.15

4.63

3.11

GasLog Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															4.63	4.42	4.20	2.73	3.11

Competitive Comparison of GasLog's Debt-to-Equity

For the Oil & Gas Midstream subindustry, GasLog's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GasLog's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GasLog's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GasLog's Debt-to-Equity falls into.

GasLog Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GasLog's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(178.896	+	3257.433)	/	1106.332
	=	3.11

GasLog's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(178.896	+	3257.433)	/	1106.332
	=	3.11

GasLog (NYSE:GLOGpA.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

GasLog Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GasLog's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GasLog (GasLog) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GasLog Ltd (NYSE:GLOGpA.PFD) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

N/A

Address

c/o GasLog LNG Services Ltd, 69 Akti Miaouli, Piraeus, GRC, 18537

Website

https://www.gaslogltd.com

GasLog Ltd is engaged in the ownership, operation, and management of vessels in the LNG (Liquefied natural gas) market, providing maritime services for the transportation of LNG on a world wide basis and LNG vessel management services. The group conducts its operations through its vessel-owning subsidiaries and its vessel management services subsidiary. The company operates around 39 LNG carriers.