SFL (HAM:UG6) Debt-to-Equity: 2.59 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

HAM:UG6 SFL Corp Ltd HAM:UG6
80 GF Score
Price €10.80
GF Value €8.16
Valuation Significantly Overvalued
! 14 Warning Signs
View Full Analysis

What is SFL Debt-to-Equity?

SFL HAM:UG6 +0.65% 80 Debt-to-Equity is 2.59 as of Mar. 2026, which is 6% above its 10-year median of 2.45. GuruFocus rates HAM:UG6 with a GF Score™ of 80/100 and a GF Value™ of €8.16 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 911 Transportation companies, SFL ranks worse than 91.77% on this metric.

SFL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €625.6 Mil. SFL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €1,538.5 Mil. SFL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €834.6 Mil. SFL's debt to equity for the quarter that ended in Mar. 2026 was 2.59.

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

HAM:UG6' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38   Med: 2.45   Max: 2.89
Current: 2.59

During the past 13 years, the highest Debt-to-Equity Ratio of SFL was 2.89. The lowest was 1.38. And the median was 2.45.

HAM:UG6's Debt-to-Equity is ranked worse than
91.77% of 911 companies
in the Transportation industry
Industry Median: 0.53 vs HAM:UG6: 2.59

SFL  (HAM:UG6) 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.


SFL Debt-to-Equity Related Terms


SFL Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for SFL'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.

SFL Debt-to-Equity Chart

SFL 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 2.46 2.45 2.47 2.52 2.67

SFL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.73 2.79 2.78 2.67 2.59

HAM:UG6 vs GSL, CCEC, CMRE: Debt-to-Equity Comparison

For the Marine Shipping subindustry, SFL'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.


SFL Debt-to-Equity vs Transportation Industry

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

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


HAM:UG6
80GF Score
SFL Corp Ltd HAM:UG6
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SFL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

SFL's Debt to Equity Ratio for the quarter that ended in Mar. 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 2.59 mean?
SFL (HAM:UG6) has a Debt-to-Equity of 2.59 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SFL and its competitors. This is near median its historical median of 2.45. Over the past decade, SFL's Debt-to-Equity has ranged from 1.38 to 2.89. According to the industry distribution chart, SFL ranks #836 out of 911 companies in the Transportation industry, placing it in the top 91.8%.
Is SFL's Debt-to-Equity too high?
SFL's current Debt-to-Equity of 2.59 is near median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 2.89. The Transportation industry median Debt-to-Equity is 0.53. SFL's value of 2.59 is 388.7% above this industry median. Based on the distribution chart, SFL ranks #836 out of 911 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, SFL has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SFL's Debt-to-Equity compare to GSL and CCEC?
According to the Transportation industry distribution chart, SFL ranks #836 out of 911 companies for Debt-to-Equity. This places SFL in the lower half of its industry. The industry median Debt-to-Equity is 0.53. SFL's value of 2.59 is 388.7% above this benchmark. Historically, SFL's own Debt-to-Equity has ranged from 1.38 to 2.89 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 0.53, SFL 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 Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 911 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. SFL's current Debt-to-Equity of 2.59 is 388.7% 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 SFL and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SFL's current Debt-to-Equity is 2.59, which is near median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SFL stock overvalued right now?
Based on GuruFocus' analysis, SFL (HAM:UG6) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.16, compared to a current price of €10.80 — trading 32.4% above its estimated fair value. The current Debt-to-Equity is 2.59, which is near median its 10-year median of 2.45 and 388.7% above the Transportation industry median of 0.53. SFL's overall GF Score™ is 80/100 with 14 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 SFL (HAM:UG6), the current Debt-to-Equity is 2.59 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.

Is SFL (HAM:UG6) Overvalued in 2026?

Based on GuruFocus' analysis, SFL stock appears to be overvalued. The current stock price of €10.80 is trading 32.4% above its estimated GF Value™ of €8.16. GuruFocus considers SFL to be Significantly Overvalued.

Key valuation signals for HAM:UG6:

  • Debt-to-Equity: 2.59 (near median its 10-year median of 2.45)
  • GF Value™: €8.16 vs. price of €10.80 (32.4% above fair value)
  • GF Score™: 80/100 with 14 warning signs
  • Industry Position: 388.7% above the Transportation median (#836 of 911)

No single metric tells the full story. See the HAM:UG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SFL Business Description

Other Exchanges SFL:USAUG6:Germany
Address 14 Par-la-Ville Road, Par-la-Ville Place, P.O. Box HM 1593, Hamilton, BMU, HM 08
SFL Corp Ltd is an international ship-owning and chartering company. The company is engaged in transporting crude oil and oil products, dry bulk and containerized cargoes, freight of rolling cargo, and offshore drilling and related activities. The company operates as a single reportable segment, generating revenue from long-term, fixed-rate charters. Its Additional revenue sources include sales-type lease interest income, voyage charter and pool revenues, and drilling contract revenues.
80GF Score

Get the complete analysis for HAM:UG6

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

€10.80
Price
€8.16
GF Value