Proximar Seafood AS (OSL:PROXI) Debt-to-Equity : 2.44 (As of Sep. 2024)

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What is Proximar Seafood AS Debt-to-Equity?

Proximar Seafood AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr647.07 Mil. Proximar Seafood AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr501.17 Mil. Proximar Seafood AS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr470.80 Mil. Proximar Seafood AS's debt to equity for the quarter that ended in Sep. 2024 was 2.44.

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

OSL:PROXI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.31 Med: 1.19 Max: 2.86
Current: 2.44

During the past 6 years, the highest Debt-to-Equity Ratio of Proximar Seafood AS was 2.86. The lowest was -2.31. And the median was 1.19.

OSL:PROXI's Debt-to-Equity is ranked worse than
94.51% of 1657 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs OSL:PROXI: 2.44

Proximar Seafood AS Debt-to-Equity Historical Data

The historical data trend for Proximar Seafood 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.

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Proximar Seafood AS Debt-to-Equity Chart

Proximar Seafood AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-2.31

0.04

0.25

1.18

2.60

Proximar Seafood AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial												2.86	2.60	1.97	2.26	2.44

Competitive Comparison of Proximar Seafood AS's Debt-to-Equity

For the Farm Products subindustry, Proximar Seafood 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.

Proximar Seafood AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Proximar Seafood AS's Debt-to-Equity distribution charts can be found below:

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

Proximar Seafood AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Proximar Seafood 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
	=	(54.217	+	914.054)	/	372.364
	=	2.60

Proximar Seafood AS'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
	=	(647.065	+	501.166)	/	470.803
	=	2.44

Proximar Seafood AS (OSL:PROXI) 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.

Proximar Seafood AS Debt-to-Equity Related Terms

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

Proximar Seafood AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proximar Seafood AS (OSL:PROXI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

84Q:Germany

Address

Edvard Griegs vei 3C, Bergen, NOR, 5059

Website

https://www.proximarseafood.com

Proximar Seafood AS is a land-based salmon farming company in the process of constructing a fish farm for Atlantic salmon in Japan. It produces Atlantic salmon which involves free of medication and without impact from traditional challenges such as lice and microplastics and the fish is isolated from the marine surrounding environment. Its fish farming is based on Recirculating Aquaculture System (RAS)-technology, provided by AquaMaof. The industry's technology has a solid track record and provides ideal growth conditions for Atlantic Salmon, with low inherent complexity.

Proximar Seafood AS Headlines

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