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Sable OffshoreFRA:Z2M -2.41%14 Debt-to-Equity is 2.32 as of Mar. 2026, which is 149% above its 10-year median of 0.93. GuruFocus rates FRA:Z2M with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 804 Oil & Gas companies, Sable Offshore ranks worse than 90.42% on this metric.
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 Sable Offshore's Debt-to-Equity or its related term are showing as below:
FRA:Z2M'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.93 Max: 6.52
Current: 2.32
During the past 6 years, the highest Debt-to-Equity Ratio of Sable Offshore was 6.52. The lowest was 0.00. And the median was 0.93.
FRA:Z2M's Debt-to-Equity is ranked worse than 90.42% of 804
companies
in the Oil & Gas industry
Industry Median: 0.46
vs FRA:Z2M: 2.32
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.
Sable Offshore Debt-to-Equity Related Terms
Sable Offshore Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sable Offshore'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.
FRA:Z2M vs NBR, BORR, AKTAF: Debt-to-Equity Comparison
For the Oil & Gas Drilling subindustry, Sable Offshore'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.
Sable Offshore Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sable Offshore's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sable Offshore'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.
Sable Offshore (FRA:Z2M) has a Debt-to-Equity of 2.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sable Offshore and its competitors. This is 149% above median its historical median of 0.93. According to the industry distribution chart, Sable Offshore ranks #727 out of 804 companies in the Oil & Gas industry, placing it in the top 90.4%.
Is Sable Offshore's Debt-to-Equity too high?
Sable Offshore's current Debt-to-Equity of 2.32 is 149% above median its 10-year median of 0.93. The Oil & Gas industry median Debt-to-Equity is 0.46. Sable Offshore's value of 2.32 is 404.3% above this industry median. Based on the distribution chart, Sable Offshore ranks #727 out of 804 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sable Offshore has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Sable Offshore's Debt-to-Equity compare to NBR and BORR?
According to the Oil & Gas industry distribution chart, Sable Offshore ranks #727 out of 804 companies for Debt-to-Equity. This places Sable Offshore in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Sable Offshore's value of 2.32 is 404.3% above this benchmark. While the company's 10-year median is 0.93 vs. the industry median of 0.46, Sable Offshore 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 804 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. Sable Offshore's current Debt-to-Equity of 2.32 is 404.3% 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 Sable Offshore 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. Sable Offshore's current Debt-to-Equity is 2.32, which is 149% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Offshore stock overvalued right now?
Sable Offshore (FRA:Z2M) has a current Debt-to-Equity of 2.32. The current Debt-to-Equity is 2.32, which is 149% above median its 10-year median of 0.93 and 404.3% above the Oil & Gas industry median of 0.46. Sable Offshore's overall GF Score™ is 14/100 with 3 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 Sable Offshore (FRA:Z2M), the current Debt-to-Equity is 2.32 as of Mar. 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.
Sable Offshore Corp is a Houston-based independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California. The company operates as one reportable oil and gas segment and is engaged in the acquisition, development, exploration, and production of oil and natural gas.
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