Fly Play hf (OISE:PLAY) Debt-to-Equity: -3.01 (As of Jun. 2025)

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.

OISE:PLAY Fly Play hf OISE:PLAY
9 GF Score
Price kr0.45
View Full Analysis

What is Fly Play hf Debt-to-Equity?

Fly Play hf OISE:PLAY 9 Debt-to-Equity is -3.01 as of Jun. 2025. GuruFocus rates OISE:PLAY with a GF Score™ of 9/100.

Fly Play hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2025 was kr3,561 Mil. Fly Play hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2025 was kr27,035 Mil. Fly Play hf's Total Stockholders Equity for the quarter that ended in Jun. 2025 was kr-10,168 Mil. Fly Play hf's debt to equity for the quarter that ended in Jun. 2025 was -3.01.

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 Fly Play hf's Debt-to-Equity or its related term are showing as below:

OISE:PLAY's Debt-to-Equity is not ranked *
in the Transportation industry.
Industry Median: 0.53
* Ranked among companies with meaningful Debt-to-Equity only.

Fly Play hf  (OISE:PLAY) 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.

Fly Play hf Debt-to-Equity Related Terms

Fly Play hf Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Fly Play hf'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.

Fly Play hf Debt-to-Equity Chart

Fly Play hf Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial 0.00 1.34 6.18 133.27 -7.78

Fly Play hf Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 61.11 40.07 -7.78 -4.15 -3.01

OISE:PLAY vs DAL, UAL, LUV: Debt-to-Equity Comparison

For the Airlines subindustry, Fly Play hf'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.

Fly Play hf Debt-to-Equity vs Transportation Industry

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

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


OISE:PLAY
9GF Score
Fly Play hf OISE:PLAY
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fly Play hf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fly Play hf's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(3469.67 + 28831.826) / -4151.04
=-7.78

Fly Play hf's Debt to Equity Ratio for the quarter that ended in Jun. 2025 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
=(3561.079 + 27034.986) / -10168.386
=-3.01

* 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 -3.01 mean?
Fly Play hf (OISE:PLAY) has a Debt-to-Equity of -3.01 as of Jun. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fly Play hf and its competitors.
Is Fly Play hf's Debt-to-Equity too high?
Fly Play hf's current Debt-to-Equity is -3.01. Overall, Fly Play hf has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Fly Play hf's Debt-to-Equity compare to DAL and UAL?
Fly Play hf's Debt-to-Equity of -3.01 can be compared against companies in the Transportation industry. The industry median Debt-to-Equity is 0.53. 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 910 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. 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 Fly Play hf 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. Fly Play hf's current Debt-to-Equity is -3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fly Play hf stock overvalued right now?
Fly Play hf (OISE:PLAY) has a current Debt-to-Equity of -3.01. The current Debt-to-Equity is -3.01. Fly Play hf's overall GF Score™ is 9/100. 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 Fly Play hf (OISE:PLAY), the current Debt-to-Equity is -3.01 as of Jun. 2025. 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.

Fly Play hf Business Description

Address Suourlandsbraut 14, Reykjavik, ISL, 108
Fly Play hf is an Icelandic low-cost airline operating flights between North America and Europe. It operates a fleet of Airbus aircraft, with its main hub at Keflavik International Airport. The airline offers a range of related services, including food and beverages, as well as booking services for its customers.
9GF Score

Get the complete analysis for OISE:PLAY

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

kr0.45
Price