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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 Icon Energy's Debt-to-Equity or its related term are showing as below:
ASX:ICN'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.16 Med: -0.05 Max: 0.07
Current: -0.16
During the past 13 years, the highest Debt-to-Equity Ratio of Icon Energy was 0.07. The lowest was -0.16. And the median was -0.05.
ASX:ICN's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.46
vs ASX:ICN: -0.16
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.
Icon Energy Debt-to-Equity Related Terms
Icon Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Icon Energy'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.
ASX:ICN vs SPOWF, AMNI, GRVE: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Icon Energy'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.
Icon Energy Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Icon Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Icon Energy's Debt-to-Equity falls into.
* 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.
Icon Energy (ASX:ICN) has a Debt-to-Equity of -0.16 as of Jun. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Icon Energy and its competitors.
Is Icon Energy's Debt-to-Equity too high?
Icon Energy's current Debt-to-Equity is -0.16.
How does Icon Energy's Debt-to-Equity compare to SPOWF and AMNI?
Icon Energy's Debt-to-Equity of -0.16 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.46. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Icon Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icon Energy's current Debt-to-Equity is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icon Energy stock overvalued right now?
Icon Energy (ASX:ICN) has a current Debt-to-Equity of -0.16. The current Debt-to-Equity is -0.16. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Icon Energy (ASX:ICN), the current Debt-to-Equity is -0.16 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Icon Energy Ltd is an oil and gas exploration company. It is engaged in the exploration, acquisition, and development of oil and gas properties. The company's exploration activities are in the Cooper/Eromanga and Surat and Gippsland basins in Australia.
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