Reach Subsea ASA (OSL:REACH) Debt-to-Equity : 1.36 (As of Dec. 2023)

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What is Reach Subsea ASA Debt-to-Equity?

Reach Subsea ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr396 Mil. Reach Subsea ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr863 Mil. Reach Subsea ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr928 Mil. Reach Subsea ASA's debt to equity for the quarter that ended in Dec. 2023 was 1.36.

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

OSL:REACH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.61 Max: 1.36
Current: 1.36

During the past 13 years, the highest Debt-to-Equity Ratio of Reach Subsea ASA was 1.36. The lowest was 0.20. And the median was 0.61.

OSL:REACH's Debt-to-Equity is ranked worse than
82.04% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs OSL:REACH: 1.36

Reach Subsea ASA Debt-to-Equity Historical Data

The historical data trend for Reach Subsea 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.

Reach Subsea ASA Debt-to-Equity Chart

Reach Subsea ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.10

0.20

1.09

0.23

1.36

Reach Subsea ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.53	1.81	1.64	1.36

Competitive Comparison of Reach Subsea ASA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Reach Subsea 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.

Reach Subsea ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Reach Subsea ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reach Subsea 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
	=	(396.211	+	863.349)	/	928.005
	=	1.36

Reach Subsea 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
	=	(396.211	+	863.349)	/	928.005
	=	1.36

Reach Subsea ASA (OSL:REACH) 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.

Reach Subsea ASA Debt-to-Equity Related Terms

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Reach Subsea ASA (OSL:REACH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (OSL:REACH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden 4RS:Germany

Address

Møllervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA (OSL:REACH) Headlines

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