PetroNor E&P ASA (OSL:PNOR) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is PetroNor E&P ASA Debt-to-Equity?

PetroNor E&P ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr58.0 Mil. PetroNor E&P ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.0 Mil. PetroNor E&P ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr1,755.3 Mil. PetroNor E&P ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 PetroNor E&P ASA's Debt-to-Equity or its related term are showing as below:

OSL:PNOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.37 Max: 2.41
Current: 0.03

During the past 6 years, the highest Debt-to-Equity Ratio of PetroNor E&P ASA was 2.41. The lowest was 0.03. And the median was 0.37.

OSL:PNOR's Debt-to-Equity is ranked better than
93.64% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs OSL:PNOR: 0.03

PetroNor E&P ASA Debt-to-Equity Historical Data

The historical data trend for PetroNor E&P 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.

PetroNor E&P ASA Debt-to-Equity Chart

PetroNor E&P ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.99

2.41

0.22

0.11

0.03

PetroNor E&P ASA Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									N/A	0.11	0.07	0.06	0.03

Competitive Comparison of PetroNor E&P ASA's Debt-to-Equity

For the Oil & Gas E&P subindustry, PetroNor E&P 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.

PetroNor E&P ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroNor E&P ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PetroNor E&P ASA's Debt-to-Equity falls into.

PetroNor E&P ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PetroNor E&P 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
	=	(58.022	+	0)	/	1755.325
	=	0.03

PetroNor E&P ASA'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
	=	(58.022	+	0)	/	1755.325
	=	0.03

PetroNor E&P ASA (OSL:PNOR) 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.

PetroNor E&P ASA Debt-to-Equity Related Terms

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

PetroNor E&P ASA (OSL:PNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroNor E&P ASA (OSL:PNOR) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PNORo:Sweden

Address

Froyas gate 13, Oslo, NOR, 0273

Website

https://www.petronorep.com

PetroNor E&P ASA is an independent oil and gas exploration and production company. The principal activities of the group are the exploration and production of crude oil.

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