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AKKVF (Akastor ASA) Debt-to-Equity : 0.07 (As of Sep. 2024)


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What is Akastor ASA Debt-to-Equity?

Akastor ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.00 Mil. Akastor ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $27.39 Mil. Akastor ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $525.67 Mil. Akastor ASA's debt to equity for the quarter that ended in Sep. 2024 was 0.07.

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

AKKVF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.54   Max: 1.05
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Akastor ASA was 1.05. The lowest was 0.07. And the median was 0.54.

AKKVF's Debt-to-Equity is ranked better than
85.56% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs AKKVF: 0.07

Akastor ASA Debt-to-Equity Historical Data

The historical data trend for Akastor ASA'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.

Akastor ASA Debt-to-Equity Chart

Akastor ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.64 0.38 0.35 0.35

Akastor ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.35 0.33 0.07 0.07

Competitive Comparison of Akastor ASA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Akastor ASA'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.


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

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

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



Akastor ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Akastor ASA's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


Akastor ASA  (OTCPK:AKKVF) 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.


Akastor ASA Debt-to-Equity Related Terms

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


Akastor ASA Business Description

Traded in Other Exchanges
Address
Oksenoyveien 10, Building B, Lysaker, NOR, 1366
Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.