Norsk Hydro ASA (OSL:NHY) Debt-to-Equity : 0.38 (As of Sep. 2024)

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What is Norsk Hydro ASA Debt-to-Equity?

Norsk Hydro ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr13,935 Mil. Norsk Hydro ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr23,864 Mil. Norsk Hydro ASA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr99,123 Mil. Norsk Hydro ASA's debt to equity for the quarter that ended in Sep. 2024 was 0.38.

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

OSL:NHY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 0.45
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Norsk Hydro ASA was 0.45. The lowest was 0.08. And the median was 0.30.

OSL:NHY's Debt-to-Equity is ranked worse than
69.09% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs OSL:NHY: 0.38

Norsk Hydro ASA Debt-to-Equity Historical Data

The historical data trend for Norsk Hydro 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.

Norsk Hydro ASA Debt-to-Equity Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.40

0.34

0.32

0.36

Norsk Hydro ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.35	0.36	0.40	0.38

Competitive Comparison of Norsk Hydro ASA's Debt-to-Equity

For the Aluminum subindustry, Norsk Hydro 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.

Norsk Hydro ASA's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norsk Hydro ASA's Debt-to-Equity distribution charts can be found below:

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

Norsk Hydro ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norsk Hydro 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
	=	(7110	+	28978)	/	100579
	=	0.36

Norsk Hydro ASA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(13935	+	23864)	/	99123
	=	0.38

Norsk Hydro ASA (OSL:NHY) 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.

Norsk Hydro ASA Debt-to-Equity Related Terms

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

Norsk Hydro ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (OSL:NHY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NHYKF:USA NHYDY:USA NHYo:Sweden NHYo:UK 0Q11:UK NOHA:Germany NOH1:Germany NOH1:Germany NOHA:Germany NOH1:Germany

Address

Drammensveien 264, Oslo, NOR, NO-0283

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, Hydro Energy, and Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

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