DHT Holdings (DHT Holdings) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is DHT Holdings Debt-to-Equity?

DHT Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.7 Mil. DHT Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $398.4 Mil. DHT Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,027.2 Mil. DHT Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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

DHT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.87 Max: 1.12
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of DHT Holdings was 1.12. The lowest was 0.37. And the median was 0.87.

DHT's Debt-to-Equity is ranked better than
51.91% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs DHT: 0.42

DHT Holdings Debt-to-Equity Historical Data

The historical data trend for DHT Holdings'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.

DHT Holdings Debt-to-Equity Chart

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

0.41

0.50

0.37

0.42

DHT Holdings 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															0.37	0.38	0.37	0.43	0.42

Competitive Comparison of DHT Holdings's Debt-to-Equity

For the Oil & Gas Midstream subindustry, DHT Holdings'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.

DHT Holdings's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

DHT Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DHT Holdings'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
	=	(31.718	+	398.425)	/	1027.154
	=	0.42

DHT Holdings'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
	=	(31.718	+	398.425)	/	1027.154
	=	0.42

DHT Holdings (NYSE:DHT) 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.

DHT Holdings Debt-to-Equity Related Terms

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

DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Debt-to-Equity

Comparable Companies

TNK LPG GLP GEL KNTK NVGS GLNG INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.