Boart Longyear (Boart Longyear) Debt-to-Equity : 0.85 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Boart Longyear Debt-to-Equity?

Boart Longyear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18 Mil. Boart Longyear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $233 Mil. Boart Longyear's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $295 Mil. Boart Longyear's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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

BLYFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.83 Med: -2.01 Max: 10.2
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Boart Longyear was 10.20. The lowest was -3.83. And the median was -2.01.

BLYFF's Debt-to-Equity is ranked worse than
70.36% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs BLYFF: 0.85

Boart Longyear Debt-to-Equity Historical Data

The historical data trend for Boart Longyear'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.

Boart Longyear Debt-to-Equity Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-2.15

-1.87

0.70

0.74

0.85

Boart Longyear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.74	0.74	0.69	0.85

Competitive Comparison of Boart Longyear's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Boart Longyear'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.

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

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

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

Boart Longyear Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boart Longyear'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
	=	(18.196	+	232.587)	/	295.095
	=	0.85

Boart Longyear'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
	=	(18.196	+	232.587)	/	295.095
	=	0.85

Boart Longyear (GREY:BLYFF) 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.

Boart Longyear Debt-to-Equity Related Terms

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

Boart Longyear (Boart Longyear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (GREY:BLYFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BLY:Australia

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

Boart Longyear (Boart Longyear) Headlines

From GuruFocus

Boart Longyear Stock Is Estimated To Be Modestly Undervalued

By GF Value GF Value • 05-04-2021

Boart Longyear Releases an Upgraded Surface Roller Latch Head Assembly and Overshot

By PRNewswire • 10-31-2023

Boart Longyear Launches New Innovation For Underground Long Hole Drilling

By PRNewswire • 08-28-2023