Bonheur ASA (CHIX:BONHRO) Debt-to-Equity: 0.64 (As of Jun. 2026) — 61% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:BONHRO Bonheur ASA CHIX:BONHRO
72 GF Score
Price kr230.00
GF Value kr199.56
! 6 Warning Signs
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What is Bonheur ASA Debt-to-Equity?

Bonheur ASA CHIX:BONHRO 72 Debt-to-Equity is 0.64 as of Jun. 2026, which is 61% below its 10-year median of 1.65. GuruFocus rates CHIX:BONHRO with a GF Score™ of 72/100 and a GF Value™ of kr199.56. The stock has 6 warning signs investors should review. Among 504 Conglomerates companies, Bonheur ASA ranks worse than 62.9% on this metric.

Bonheur ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr1,780 Mil. Bonheur ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr6,022 Mil. Bonheur ASA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr8,902 Mil. Bonheur ASA's debt to equity for the quarter that ended in Jun. 2026 was 0.88.

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

CHIX:BONHRo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.88   Med: 1.65   Max: 2.61
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Bonheur ASA was 2.61. The lowest was 0.88. And the median was 1.65.

CHIX:BONHRo's Debt-to-Equity is ranked worse than
62.9% of 504 companies
in the Conglomerates industry
Industry Median: 0.52 vs CHIX:BONHRo: 0.88

Bonheur ASA  (CHIX:BONHRo) 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.


Bonheur ASA Debt-to-Equity Related Terms


Bonheur ASA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Bonheur 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.

Bonheur ASA Debt-to-Equity Chart

Bonheur ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.36 1.46 1.28 1.08 0.78

Bonheur ASA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.99 0.89 0.78 0.68 0.64

CHIX:BONHRO vs MMM, HON: Debt-to-Equity Comparison

For the Conglomerates subindustry, Bonheur 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.


Bonheur ASA Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bonheur ASA's Debt-to-Equity distribution charts can be found below:

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


CHIX:BONHRO
72GF Score
Bonheur ASA CHIX:BONHRO
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Bonheur ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bonheur ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Bonheur ASA's Debt to Equity Ratio for the quarter that ended in Jun. 2026 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.64 mean?
Bonheur ASA (CHIX:BONHRO) has a Debt-to-Equity of 0.64 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bonheur ASA and its competitors. This is 61% below median its historical median of 1.65. Over the past decade, Bonheur ASA's Debt-to-Equity has ranged from 0.88 to 2.61. According to the industry distribution chart, Bonheur ASA ranks #317 out of 504 companies in the Conglomerates industry, placing it in the top 62.9%.
Is Bonheur ASA's Debt-to-Equity too high?
Bonheur ASA's current Debt-to-Equity of 0.64 is 61% below median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.61. The Conglomerates industry median Debt-to-Equity is 0.52. Bonheur ASA's value of 0.64 is 23.1% above this industry median. Based on the distribution chart, Bonheur ASA ranks #317 out of 504 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Bonheur ASA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Bonheur ASA's Debt-to-Equity compare to MMM and HON?
According to the Conglomerates industry distribution chart, Bonheur ASA ranks #317 out of 504 companies for Debt-to-Equity. This places Bonheur ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.52. Bonheur ASA's value of 0.64 is 23.1% above this benchmark. Historically, Bonheur ASA's own Debt-to-Equity has ranged from 0.88 to 2.61 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 0.52, Bonheur ASA has consistently been above the industry average. 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 a Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.52, based on 504 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. Bonheur ASA's current Debt-to-Equity of 0.64 is 23.1% above the industry median. 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 Bonheur ASA and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonheur ASA's current Debt-to-Equity is 0.64, which is 61% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonheur ASA stock overvalued right now?
Bonheur ASA (CHIX:BONHRO) has a current Debt-to-Equity of 0.64. The stock's GF Value™ is kr199.56, compared to a current price of kr230.00 — trading 15.3% above its estimated fair value. The current Debt-to-Equity is 0.64, which is 61% below median its 10-year median of 1.65 and 23.1% above the Conglomerates industry median of 0.52. Bonheur ASA's overall GF Score™ is 72/100 with 6 warning signs to review. 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 Bonheur ASA (CHIX:BONHRO), the current Debt-to-Equity is 0.64 as of Jun. 2026. 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.

Is Bonheur ASA (CHIX:BONHRO) Overvalued in 2026?

Based on GuruFocus' analysis, Bonheur ASA stock appears to be overvalued. The current stock price of kr230.00 is trading 15.3% above its estimated GF Value™ of kr199.56.

Key valuation signals for CHIX:BONHRO:

  • Debt-to-Equity: 0.64 (61% below median its 10-year median of 1.65)
  • GF Value™: kr199.56 vs. price of kr230.00 (15.3% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 23.1% above the Conglomerates median (#317 of 504)

No single metric tells the full story. See the CHIX:BONHRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bonheur ASA Business Description

Address Fred Olsens Gate 2, P.O. Box 1159, Sentrum, Oslo, NOR, 0107
Bonheur ASA was initially a Norwegian shipping company. Currently, the company is engaged in several businesses. The company provides services through four segments: Other Investments, Renewable Energy, Cruise, and Wind Services. The renewable energy segment is involved in developing, constructing, and operating wind farms in Scotland, Norway, Sweden, Ireland, Italy, and the USA. The wind Service segment is engaged in logistics and services within the offshore wind industry. Cruise owns and operates four cruise ships and provides a diverse range of cruises, The other investments segment has investments within media, real estate, bonds, and shares.
72GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr230.00
Price
kr199.56
GF Value