Odfjell Technology (OSL:OTL) Debt-to-Equity : 0.93 (As of Dec. 2024)

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What is Odfjell Technology Debt-to-Equity?

Odfjell Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr52 Mil. Odfjell Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr1,222 Mil. Odfjell Technology's Total Stockholders Equity for the quarter that ended in Dec. 2024 was kr1,375 Mil. Odfjell Technology's debt to equity for the quarter that ended in Dec. 2024 was 0.93.

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 Odfjell Technology's Debt-to-Equity or its related term are showing as below:

OSL:OTL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 1.88
Current: 0.93

During the past 7 years, the highest Debt-to-Equity Ratio of Odfjell Technology was 1.88. The lowest was 0.02. And the median was 0.04.

OSL:OTL's Debt-to-Equity is ranked worse than
71.53% of 822 companies
in the Oil & Gas industry
Industry Median: 0.45 vs OSL:OTL: 0.93

Odfjell Technology Debt-to-Equity Historical Data

The historical data trend for Odfjell Technology'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.

Odfjell Technology Debt-to-Equity Chart

Odfjell Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.02

0.04

1.88

1.18

0.93

Odfjell Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial														1.18	1.06	1.02	1.02	0.93

Competitive Comparison of Odfjell Technology's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Odfjell Technology'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.

Odfjell Technology's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Odfjell Technology's Debt-to-Equity distribution charts can be found below:

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

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Odfjell Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Odfjell Technology's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(51.8	+	1221.7)	/	1375.1
	=	0.93

Odfjell Technology's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(51.8	+	1221.7)	/	1375.1
	=	0.93

Odfjell Technology (OSL:OTL) 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.

Odfjell Technology Debt-to-Equity Related Terms

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Odfjell Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Technology Ltd (OSL:OTL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OTLo:Sweden 0ABV:UK ND4:Germany

Address

Prime View, Prime Four Business Park, Lower Ground Floor, Kingswells, Aberdeen, GBR, AB15 8PU

Website

https://www.odfjelltechnology.com

Odfjell Technology Ltd is a well services, drilling operations, engineering, and sustainable energy solutions provider, offering engineering services, well services, and drilling operation services to both onshore and offshore drilling operations, with an offshore focus.

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