Ocean Harvest Technology Group (LSE:OHT) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Ocean Harvest Technology Group Debt-to-Equity?

Ocean Harvest Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.04 Mil. Ocean Harvest Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Ocean Harvest Technology Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £5.14 Mil. Ocean Harvest Technology Group's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Ocean Harvest Technology Group's Debt-to-Equity or its related term are showing as below:

LSE:OHT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.35 Max: 8.28
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Ocean Harvest Technology Group was 8.28. The lowest was 0.01. And the median was 0.35.

LSE:OHT's Debt-to-Equity is ranked better than
99.94% of 1673 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs LSE:OHT: 0.01

Ocean Harvest Technology Group Debt-to-Equity Historical Data

The historical data trend for Ocean Harvest Technology Group'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.

Ocean Harvest Technology Group Debt-to-Equity Chart

Ocean Harvest Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.43

0.26

8.28

0.01

Ocean Harvest Technology Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.26	N/A	8.28	0.02	0.01

Competitive Comparison of Ocean Harvest Technology Group's Debt-to-Equity

For the Packaged Foods subindustry, Ocean Harvest Technology Group'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.

Ocean Harvest Technology Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean Harvest Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ocean Harvest Technology Group's Debt-to-Equity falls into.

Ocean Harvest Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean Harvest Technology Group'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
	=	(0.041	+	0)	/	5.14
	=	0.01

Ocean Harvest Technology Group'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
	=	(0.041	+	0)	/	5.14
	=	0.01

Ocean Harvest Technology Group (LSE:OHT) 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.

Ocean Harvest Technology Group Debt-to-Equity Related Terms

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Ocean Harvest Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean Harvest Technology Group PLC (LSE:OHT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 Waterside Drive Arlington Business Park, Theale, Reading, GBR, RG7 4SA

Website

https://www.oceanharvesttechnology.com

Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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