Koil Energy Solutions (Koil Energy Solutions) Debt-to-Equity : 1.06 (As of Mar. 2024)

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What is Koil Energy Solutions Debt-to-Equity?

Koil Energy Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.55 Mil. Koil Energy Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $6.03 Mil. Koil Energy Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $6.21 Mil. Koil Energy Solutions's debt to equity for the quarter that ended in Mar. 2024 was 1.06.

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 Koil Energy Solutions's Debt-to-Equity or its related term are showing as below:

KLNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.29 Max: 1.2
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Koil Energy Solutions was 1.20. The lowest was 0.00. And the median was 0.29.

KLNG's Debt-to-Equity is ranked worse than
77.31% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs KLNG: 1.06

Koil Energy Solutions Debt-to-Equity Historical Data

The historical data trend for Koil Energy Solutions'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.

Koil Energy Solutions Debt-to-Equity Chart

Koil Energy Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.30

0.55

0.18

1.08

1.20

Koil Energy Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.09	1.15	1.03	1.20	1.06

Competitive Comparison of Koil Energy Solutions's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Koil Energy Solutions'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.

Koil Energy Solutions's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Koil Energy Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Koil Energy Solutions'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
	=	(0.554	+	6.16)	/	5.618
	=	1.20

Koil Energy Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.55	+	6.03)	/	6.213
	=	1.06

Koil Energy Solutions (OTCPK:KLNG) 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.

Koil Energy Solutions Debt-to-Equity Related Terms

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

Koil Energy Solutions (Koil Energy Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Koil Energy Solutions Inc (OTCPK:KLNG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1310 Rankin Road, Houston, TX, USA, 77073

Website

https://www.koilenergy.com

Koil Energy Solutions Inc is an energy services company that provides equipment and support services to the world's energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, its team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects. Its products include Buoyancy Solutions, Flying Leads, Storage, and Transportation, Subsea Fluid and Power Distribution, and Umbilical Termination Solutions.

Executives

Trevor L Ashurst	officer: Vice President of Finance	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Ronald Eric Smith	director, 10 percent owner, officer: President, CEO and Director	3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Micah Thomas Simmons	officer: Chief Operating Officer	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Neal I Goldman	director	170 SOUTHPORT DRIVE, MORRISVILLE NC 27560
David J. Douglas	director, 10 percent owner	3889 MAPLE AVE., 6TH FLOOR, DALLAS TX 75219
Charles K Njuguna	officer: CHIEF FINANCIAL OFFICER	PO BOX 1389, CROSBY TX 77532
Eugene L Butler	director, officer: Chief Financial Officer	PO BOX 12818, HOUSTON TX 77217
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio	10 percent owner	C/O WELLINGTON TRUST COMPANY, NA, 280 CONGRESS STREET, BOSTON MA 02210
Mary Lynne Budrunas	director, 10 percent owner, officer: Secretary & Director	3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Mark Carden	director	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Randolph W Warner	director	8827 W. SAM HOUSTON PKWY N, #100, HOUSTON TX 77040
Perlus Microcap Fund L.p.	10 percent owner	CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Ira Selya	officer: Corporate Controller	8827 W SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040
Gay Stanley Mayeux	officer: VP and CFO	8827 W. SAM HOUSTON PKWY N., STE 100, HOUSTON TX 77040
Mark R Hollinger	director	8827 W. SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040