Aker Horizons ASA (Aker Horizons ASA) Debt-to-Equity : 7.83 (As of Dec. 2023)

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What is Aker Horizons ASA Debt-to-Equity?

Aker Horizons ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.7 Mil. Aker Horizons ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,717.3 Mil. Aker Horizons ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $220.7 Mil. Aker Horizons ASA's debt to equity for the quarter that ended in Dec. 2023 was 7.83.

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

AKHOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.97 Med: 3.04 Max: 7.83
Current: 7.83

During the past 5 years, the highest Debt-to-Equity Ratio of Aker Horizons ASA was 7.83. The lowest was -3.97. And the median was 3.04.

AKHOF's Debt-to-Equity is ranked worse than
98.92% of 1016 companies
in the Asset Management industry
Industry Median: 0.19 vs AKHOF: 7.83

Aker Horizons ASA Debt-to-Equity Historical Data

The historical data trend for Aker Horizons 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.

Aker Horizons ASA Debt-to-Equity Chart

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-3.97

3.18

2.91

7.83

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			3.18	2.16	2.91	5.65	7.83

Competitive Comparison of Aker Horizons ASA's Debt-to-Equity

For the Asset Management subindustry, Aker Horizons 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.

Aker Horizons ASA's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aker Horizons ASA's Debt-to-Equity distribution charts can be found below:

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

Aker Horizons ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aker Horizons 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
	=	(10.712	+	1717.349)	/	220.676
	=	7.83

Aker Horizons 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
	=	(10.712	+	1717.349)	/	220.676
	=	7.83

Aker Horizons ASA (OTCPK:AKHOF) 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.

Aker Horizons ASA Debt-to-Equity Related Terms

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Aker Horizons ASA (Aker Horizons ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OTCPK:AKHOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden AKH:Norway 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.