Prosafe SE (OSL:PRS) Debt-to-Equity : 12.41 (As of Dec. 2023)

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What is Prosafe SE Debt-to-Equity?

Prosafe SE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr42 Mil. Prosafe SE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr4,383 Mil. Prosafe SE's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr357 Mil. Prosafe SE's debt to equity for the quarter that ended in Dec. 2023 was 12.41.

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

OSL:PRS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.59 Med: 2.91 Max: 582.45
Current: 12.41

During the past 13 years, the highest Debt-to-Equity Ratio of Prosafe SE was 582.45. The lowest was -1.59. And the median was 2.91.

OSL:PRS's Debt-to-Equity is ranked worse than
98.92% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs OSL:PRS: 12.41

Prosafe SE Debt-to-Equity Historical Data

The historical data trend for Prosafe SE'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.

Prosafe SE Debt-to-Equity Chart

Prosafe SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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582.45

-1.59

11.66

11.32

12.41

Prosafe SE 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															11.32	25.50	21.77	32.03	12.41

Competitive Comparison of Prosafe SE's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Prosafe SE'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.

Prosafe SE's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Prosafe SE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prosafe SE'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
	=	(42.198	+	4383.276)	/	356.57
	=	12.41

Prosafe SE'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
	=	(42.198	+	4383.276)	/	356.57
	=	12.41

Prosafe SE (OSL:PRS) 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.

Prosafe SE Debt-to-Equity Related Terms

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

Prosafe SE (OSL:PRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prosafe SE (OSL:PRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRSEF:USA PRSo:Sweden 1Q6:Germany

Address

Forusparken 2, Stavanger, NOR, 4031

Website

https://www.prosafe.com

Prosafe SE is an owner and operator of semi-submersible accommodation, safety, and support vessels, and one Tender Support Vessel. The company's vessels primarily serves energy companies on various offshore projects in global offshore oil and gas areas. The company's operations are related to the support of the lifecycle of offshore installations such as maintenance and modification of installations on fields already in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure and decommissioning. Its core markets are the North Sea and Brazil.