Harbour Energy (CHIX:HBRL) Debt-to-Equity : 0.89 (As of Jun. 2024)

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What is Harbour Energy Debt-to-Equity?

Harbour Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £201 Mil. Harbour Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £835 Mil. Harbour Energy's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £1,159 Mil. Harbour Energy's debt to equity for the quarter that ended in Jun. 2024 was 0.89.

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

CHIX:HBRl' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.41 Med: 1.46 Max: 7.48
Current: 0.89

During the past 4 years, the highest Debt-to-Equity Ratio of Harbour Energy was 7.48. The lowest was -3.41. And the median was 1.46.

CHIX:HBRl's Debt-to-Equity is ranked worse than
71.24% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs CHIX:HBRl: 0.89

Harbour Energy Debt-to-Equity Historical Data

The historical data trend for Harbour 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.

* Premium members only.

Harbour Energy Debt-to-Equity Chart

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.18

7.48

2.02

0.77

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial				-3.41	2.02	0.88	0.77	0.89

Competitive Comparison of Harbour Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Harbour 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.

Harbour Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Harbour Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harbour Energy'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
	=	(169.85	+	763.93)	/	1216.6
	=	0.77

Harbour Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(201.216	+	834.732)	/	1158.564
	=	0.89

Harbour Energy (CHIX:HBRl) 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.

Harbour Energy Debt-to-Equity Related Terms

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

Harbour Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Harbour Energy PLC (CHIX:HBRl) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PMOIF:USA HBRIY:USA HBR:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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