Gulf Marine Services (LSE:GMS) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Gulf Marine Services Debt-to-Equity?

Gulf Marine Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £34.1 Mil. Gulf Marine Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £186.6 Mil. Gulf Marine Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £258.8 Mil. Gulf Marine Services's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Gulf Marine Services's Debt-to-Equity or its related term are showing as below:

LSE:GMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85 Med: 1.07 Max: 2.02
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Gulf Marine Services was 2.02. The lowest was 0.85. And the median was 1.07.

LSE:GMS's Debt-to-Equity is ranked worse than
71.29% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs LSE:GMS: 0.85

Gulf Marine Services Debt-to-Equity Historical Data

The historical data trend for Gulf Marine Services'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.

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Gulf Marine Services Debt-to-Equity Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.23

2.02

1.47

1.16

0.85

Gulf Marine Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.47	1.29	1.16	1.03	0.85

Competitive Comparison of Gulf Marine Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Gulf Marine Services'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.

Gulf Marine Services's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Gulf Marine Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gulf Marine Services'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
	=	(34.067	+	186.576)	/	258.778
	=	0.85

Gulf Marine Services's Debt to Equity Ratio for the quarter 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
	=	(34.067	+	186.576)	/	258.778
	=	0.85

Gulf Marine Services (LSE:GMS) 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.

Gulf Marine Services Debt-to-Equity Related Terms

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

Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.