Ocean GeoLoop AS (OSL:OCEAN) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Ocean GeoLoop AS Debt-to-Equity?

Ocean GeoLoop AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.0 Mil. Ocean GeoLoop AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr2.6 Mil. Ocean GeoLoop AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr208.0 Mil. Ocean GeoLoop AS's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Ocean GeoLoop AS's Debt-to-Equity or its related term are showing as below:

OSL:OCEAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Ocean GeoLoop AS was 0.01. The lowest was 0.01. And the median was 0.01.

OSL:OCEAN's Debt-to-Equity is ranked better than
99.96% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs OSL:OCEAN: 0.01

Ocean GeoLoop AS Debt-to-Equity Historical Data

The historical data trend for Ocean GeoLoop AS'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.

Ocean GeoLoop AS Debt-to-Equity Chart

Ocean GeoLoop AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.01

Ocean GeoLoop AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	0.01	0.01	0.01	0.01

Competitive Comparison of Ocean GeoLoop AS's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Ocean GeoLoop AS'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.

Ocean GeoLoop AS's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ocean GeoLoop AS's Debt-to-Equity falls into.

Ocean GeoLoop AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean GeoLoop AS'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
	=	(0	+	2.615)	/	208.025
	=	0.01

Ocean GeoLoop AS's Debt to Equity Ratio for the quarter 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
	=	(0	+	2.615)	/	208.025
	=	0.01

Ocean GeoLoop AS (OSL:OCEAN) 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.

Ocean GeoLoop AS Debt-to-Equity Related Terms

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Ocean GeoLoop AS (OSL:OCEAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean GeoLoop AS (OSL:OCEAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neptunvegen 6, Verdal, NOR, 7652

Website

https://www.oceangeoloop.com

Ocean GeoLoop AS is a green tech company aiming at using nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture.

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