Civeo (CVEO) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Civeo Debt-to-Equity?

Civeo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Civeo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $74.8 Mil. Civeo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $320.2 Mil. Civeo's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

CVEO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.7 Max: 0.9
Current: 0.23

During the past 12 years, the highest Debt-to-Equity Ratio of Civeo was 0.90. The lowest was 0.23. And the median was 0.70.

CVEO's Debt-to-Equity is ranked better than
62.43% of 929 companies
in the Business Services industry
Industry Median: 0.38 vs CVEO: 0.23

Civeo Debt-to-Equity Historical Data

The historical data trend for Civeo'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.

Civeo Debt-to-Equity Chart

Civeo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.72

0.52

0.48

0.23

Civeo 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															0.48	0.53	0.50	0.39	0.23

Competitive Comparison of Civeo's Debt-to-Equity

For the Specialty Business Services subindustry, Civeo'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.

Civeo's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Civeo's Debt-to-Equity distribution charts can be found below:

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

Civeo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Civeo'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
	=	(0	+	74.818)	/	320.171
	=	0.23

Civeo'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
	=	(0	+	74.818)	/	320.171
	=	0.23

Civeo (NYSE:CVEO) 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.

Civeo Debt-to-Equity Related Terms

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

Civeo (CVEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Civeo Corp (NYSE:CVEO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

44C1:Germany

Address

333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002

Website

https://www.civeo.com

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

Executives

Moore Constance B	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Lance Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Martin Lambert	director	333 CLAY STREET, STE 4980, HOUSTON TX 77002
Allan Schoening	officer: See Remarks	333 CLAY STREET, #4980, HOUSTON TX 77002
Peter Mccann	officer: Sr. Vice President, Australia	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Jagdish Grewal	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77065
Michael Montelongo	director	203 EAST MAIN STREET, SPARTANBURG SC 29319
Bradley J Dodson	director, officer: President, CEO, and Director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Barclay Brewer	officer: Vice President and Controller	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Ronald Gilbertson	director	333 CLAY STREET, HOUSTON TX 77002
Tammy Torgerson	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Torgerson Family Trust	10 percent owner	596 MCCLURE ROAD, KELOWNA A1 V1W 1H3
Timothy O Wall	director	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Frank Steininger	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Mike Ridley	officer: See Remarks	333 CLAY STREET, SUITE 4980, HOUSTON TX 77002