Frontline (OSTO:FROO) Debt-to-Equity

: 1.01 (As of Sep. 2023)

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Frontline's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr3,927 Mil. Frontline's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr20,289 Mil. Frontline's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr23,877 Mil. Frontline's debt to equity for the quarter that ended in Sep. 2023 was 1.01.

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 Frontline's Debt-to-Equity or its related term are showing as below:

OSTO:FROo' s Debt-to-Equity Range Over the Past 10 Years
Min: -2188.28 Med: 1.35 Max: 1163.58
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Frontline was 1163.58. The lowest was -2188.28. And the median was 1.35.

OSTO:FROo's Debt-to-Equity is ranked worse than
74.76% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs OSTO:FROo: 1.01

Frontline Debt-to-Equity Historical Data

The historical data trend for Frontline'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.

Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.57

1.37

1.45

1.06

Frontline Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																1.16	1.06	1.07	1.00	1.01

Competitive Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.

Frontline Debt-to-Equity Distribution

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

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

Frontline Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Frontline's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2755.343	+	20894.752)	/	22332.692
	=	1.06

Frontline's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3926.581	+	20289.159)	/	23876.957
	=	1.01

Frontline (OSTO:FROo) 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.

Frontline Debt-to-Equity Related Terms

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

Frontline (OSTO:FROO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (OSTO:FROo) » Definitions » Debt-to-Equity

Comparable Companies

ETRN DTM ENLC STNG AM PAGP VNOM NS HESM INSW TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

FRO:USA FRO:Norway FRO1:Mexico FROo:UK 0REH:UK HF6:Germany

Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

Frontline (OSTO:FROO) Headlines

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