NEL ASA (OSL:NEL) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is NEL ASA Debt-to-Equity?

NEL ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr41 Mil. NEL ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr223 Mil. NEL ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr6,222 Mil. NEL ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 NEL ASA's Debt-to-Equity or its related term are showing as below:

OSL:NEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.07
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of NEL ASA was 0.07. The lowest was 0.01. And the median was 0.03.

OSL:NEL's Debt-to-Equity is ranked better than
86.53% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs OSL:NEL: 0.04

NEL ASA Debt-to-Equity Historical Data

The historical data trend for NEL 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.

* Premium members only.

NEL ASA Debt-to-Equity Chart

NEL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.02

0.03

0.04

NEL ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of NEL ASA's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, NEL 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.

NEL ASA's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NEL ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NEL ASA's Debt-to-Equity falls into.

NEL ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NEL ASA'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
	=	(38.067	+	221.594)	/	6197.736
	=	0.04

NEL ASA's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(41.153	+	223.449)	/	6222.204
	=	0.04

NEL ASA (OSL:NEL) 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.

NEL ASA Debt-to-Equity Related Terms

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

NEL ASA (OSL:NEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NEL ASA (OSL:NEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NLLSY:USA NLLSF:USA NELo:Sweden 0E4Q:UK D7GA:Germany D7G:Germany D7G:Germany D7G:Germany

Address

Karenslyst alle 49, Oslo, NOR, N-0279

Website

https://www.nelhydrogen.com

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.

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