Golden Energy Offshore Services AS (OSL:GEOS) Debt-to-Equity : 1.83 (As of Dec. 2023)

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What is Golden Energy Offshore Services AS Debt-to-Equity?

Golden Energy Offshore Services AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr220.9 Mil. Golden Energy Offshore Services AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr745.4 Mil. Golden Energy Offshore Services AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr529.5 Mil. Golden Energy Offshore Services AS's debt to equity for the quarter that ended in Dec. 2023 was 1.82.

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 Golden Energy Offshore Services AS's Debt-to-Equity or its related term are showing as below:

OSL:GEOS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 3 Max: 9.87
Current: 1.83

During the past 10 years, the highest Debt-to-Equity Ratio of Golden Energy Offshore Services AS was 9.87. The lowest was 0.90. And the median was 3.00.

OSL:GEOS's Debt-to-Equity is ranked worse than
84.92% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs OSL:GEOS: 1.83

Golden Energy Offshore Services AS Debt-to-Equity Historical Data

The historical data trend for Golden Energy Offshore Services AS'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.

Golden Energy Offshore Services AS Debt-to-Equity Chart

Golden Energy Offshore Services AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.90

1.68

3.86

3.44

1.83

Golden Energy Offshore Services AS Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.44	5.02	3.49	2.11	1.83

Competitive Comparison of Golden Energy Offshore Services AS's Debt-to-Equity

For the Marine Shipping subindustry, Golden Energy Offshore Services AS'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.

Golden Energy Offshore Services AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Energy Offshore Services AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Golden Energy Offshore Services AS's Debt-to-Equity falls into.

Golden Energy Offshore Services AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golden Energy Offshore Services AS'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
	=	(220.867	+	745.37)	/	529.486
	=	1.82

Golden Energy Offshore Services AS'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
	=	(220.867	+	745.37)	/	529.486
	=	1.82

Golden Energy Offshore Services AS (OSL:GEOS) 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.

Golden Energy Offshore Services AS Debt-to-Equity Related Terms

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Golden Energy Offshore Services AS (OSL:GEOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Energy Offshore Services AS (OSL:GEOS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GEOUF:USA J9X:Germany

Address

St Olavs Plass 1, Alesund, NOR, 6002

Website

https://www.geoff.no

Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.