EAM Solar AS (OSTO:EAMO) Debt-to-Equity : 2.86 (As of Jun. 2024)

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What is EAM Solar AS Debt-to-Equity?

EAM Solar AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr5.46 Mil. EAM Solar AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr30.14 Mil. EAM Solar AS's Total Stockholders Equity for the quarter that ended in Jun. 2024 was kr12.43 Mil. EAM Solar AS's debt to equity for the quarter that ended in Jun. 2024 was 2.86.

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

OSTO:EAMo' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.1 Med: 0.91 Max: 2.86
Current: 2.86

During the past 13 years, the highest Debt-to-Equity Ratio of EAM Solar AS was 2.86. The lowest was -2.10. And the median was 0.91.

OSTO:EAMo's Debt-to-Equity is ranked worse than
87.65% of 405 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.82 vs OSTO:EAMo: 2.86

EAM Solar AS Debt-to-Equity Historical Data

The historical data trend for EAM Solar 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.

EAM Solar AS Debt-to-Equity Chart

EAM Solar AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.47

0.62

0.98

1.90

EAM Solar AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.37	1.52	1.90	2.05	2.86

Competitive Comparison of EAM Solar AS's Debt-to-Equity

For the Utilities - Renewable subindustry, EAM Solar 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.

EAM Solar AS's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's Debt-to-Equity distribution charts can be found below:

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

EAM Solar AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EAM Solar 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
	=	(5.223	+	33.213)	/	20.224
	=	1.90

EAM Solar AS's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(5.462	+	30.144)	/	12.432
	=	2.86

EAM Solar AS (OSTO:EAMo) 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.

EAM Solar AS Debt-to-Equity Related Terms

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

EAM Solar AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EAM Solar AS (OSTO:EAMo) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EAM:Norway 0QDW:UK EA2:Germany

Address

Bryggetorget 7, Oslo, NOR, 0250

Website

https://www.eamsolar.no

EAM Solar ASA is an Investment company that acquires and operates solar power plants for long-term ownership. The company is mainly active in Italy and operates four solar power plants which generate electricity. The solar power plants operated by the company are Lorusso, Brundesini, Scardino, and ENFO 25.

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