Skel Fjarfestingafelag hf (OISE:SKEL) Debt-to-Equity : 0.23 (As of Jun. 2024)

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What is Skel Fjarfestingafelag hf Debt-to-Equity?

Skel Fjarfestingafelag hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr3,225.00 Mil. Skel Fjarfestingafelag hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr5,327.00 Mil. Skel Fjarfestingafelag hf's Total Stockholders Equity for the quarter that ended in Jun. 2024 was kr36,602.00 Mil. Skel Fjarfestingafelag hf's debt to equity for the quarter that ended in Jun. 2024 was 0.23.

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

OISE:SKEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.97 Max: 1.22
Current: 0.23

During the past 12 years, the highest Debt-to-Equity Ratio of Skel Fjarfestingafelag hf was 1.22. The lowest was 0.03. And the median was 0.97.

OISE:SKEL's Debt-to-Equity is ranked better than
75.15% of 1010 companies
in the Retail - Cyclical industry
Industry Median: 0.585 vs OISE:SKEL: 0.23

Skel Fjarfestingafelag hf Debt-to-Equity Historical Data

The historical data trend for Skel Fjarfestingafelag 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.

* Premium members only.

Skel Fjarfestingafelag hf Debt-to-Equity Chart

Skel Fjarfestingafelag hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.85

1.08

0.60

0.08

0.22

Skel Fjarfestingafelag hf Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.08	N/A	0.22	0.23

Competitive Comparison of Skel Fjarfestingafelag hf's Debt-to-Equity

For the Specialty Retail subindustry, Skel Fjarfestingafelag 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.

Skel Fjarfestingafelag hf's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Skel Fjarfestingafelag hf's Debt-to-Equity distribution charts can be found below:

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

Skel Fjarfestingafelag hf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skel Fjarfestingafelag hf'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
	=	(3155	+	5030)	/	37610
	=	0.22

Skel Fjarfestingafelag hf's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(3225	+	5327)	/	36602
	=	0.23

Skel Fjarfestingafelag hf (OISE:SKEL) 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.

Skel Fjarfestingafelag hf Debt-to-Equity Related Terms

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

Skel Fjarfestingafelag hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Skel Fjarfestingafelag hf (OISE:SKEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Borgartun 26, Reykjavik, ISL, 105

Website

https://www.skel.is

Skel Fjarfestingafelag hf is an oil company engaged in the import, sale, and distribution of oil in addition to lubricants, chemical products, and fertilizer, and various kinds of trade in other commodities, both in retail and wholesale. It is also engaged in lending, operation of real estates, vessels, service stations, and other activities. The group operates in two geographical areas, in Iceland and the Faroe Islands, of which key revenue is derived from the operations in Iceland. The products and services of the company are sold under the brands Skeljungur, Orkan, and Kvikk and run around 65 fuel stations and 4 oil depots.

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