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Havila Shipping ASAOSL:HAVI +2.12%52 Debt-to-Equity is 3.50 as of Mar. 2026, which is 66% below its 10-year median of 10.17. GuruFocus rates OSL:HAVI with a GF Score™ of 52/100 and a GF Value™ of kr2.62 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 909 Transportation companies, Havila Shipping ASA ranks worse than 94.94% on this metric.
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 Havila Shipping ASA's Debt-to-Equity or its related term are showing as below:
OSL:HAVI'
s Debt-to-Equity Range Over the Past 10 Years
Min: -118.59 Med: 10.17 Max: 575.19
Current: 3.5
During the past 13 years, the highest Debt-to-Equity Ratio of Havila Shipping ASA was 575.19. The lowest was -118.59. And the median was 10.17.
OSL:HAVI's Debt-to-Equity is ranked worse than 94.94% of 909
companies
in the Transportation industry
Industry Median: 0.53
vs OSL:HAVI: 3.50
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.
Havila Shipping ASA Debt-to-Equity Related Terms
Havila Shipping ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Havila Shipping ASA'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.
For the Marine Shipping subindustry, Havila Shipping ASA'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.
Havila Shipping ASA Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Havila Shipping ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Havila Shipping ASA's Debt-to-Equity falls into.
* 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.
Havila Shipping ASA (OSL:HAVI) has a Debt-to-Equity of 3.50 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Havila Shipping ASA and its competitors. This is 66% below median its historical median of 10.17. According to the industry distribution chart, Havila Shipping ASA ranks #863 out of 909 companies in the Transportation industry, placing it in the top 94.9%.
Is Havila Shipping ASA's Debt-to-Equity too high?
Havila Shipping ASA's current Debt-to-Equity of 3.50 is 66% below median its 10-year median of 10.17. The Transportation industry median Debt-to-Equity is 0.53. Havila Shipping ASA's value of 3.50 is 560.4% above this industry median. Based on the distribution chart, Havila Shipping ASA ranks #863 out of 909 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Havila Shipping ASA has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Havila Shipping ASA's Debt-to-Equity compare to competitors?
According to the Transportation industry distribution chart, Havila Shipping ASA ranks #863 out of 909 companies for Debt-to-Equity. This places Havila Shipping ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Havila Shipping ASA's value of 3.50 is 560.4% above this benchmark. While the company's 10-year median is 10.17 vs. the industry median of 0.53, Havila Shipping ASA 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 909 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. Havila Shipping ASA's current Debt-to-Equity of 3.50 is 560.4% 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 Havila Shipping ASA 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. Havila Shipping ASA's current Debt-to-Equity is 3.50, which is 66% below median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Shipping ASA stock overvalued right now?
Based on GuruFocus' analysis, Havila Shipping ASA (OSL:HAVI) is currently considered Possible Value Trap. The stock's GF Value™ is kr2.62, compared to a current price of kr1.21 — trading 54% below its estimated fair value. The current Debt-to-Equity is 3.50, which is 66% below median its 10-year median of 10.17 and 560.4% above the Transportation industry median of 0.53. Havila Shipping ASA's overall GF Score™ is 52/100 with 3 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 Havila Shipping ASA (OSL:HAVI), the current Debt-to-Equity is 3.50 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 Havila Shipping ASA (OSL:HAVI) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Shipping ASA stock appears to be undervalued.
The current stock price of kr1.21 is trading 54% below its estimated GF Value™ of kr2.62.
GuruFocus considers Havila Shipping ASA to be Possible Value Trap.
Key valuation signals for OSL:HAVI:
Debt-to-Equity: 3.50 (66% below median its 10-year median of 10.17)
GF Value™: kr2.62 vs. price of kr1.21 (54% below fair value)
Industry Position: 560.4% above the Transportation median (#863 of 909)
No single metric tells the full story. See the OSL:HAVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Shipping ASA is a supplier of quality assured supply services to the offshore industry, nationally as well as internationally. Its segment includes Platform Supply Vessel, Rescue recovery Vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Belgium, Iceland, and the Netherlands. The group generates the majority of its revenue from the Platform Supply Vessel segment.
52GF Score
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