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Eimskipafelag Islands ehf (OISE:EIM) Debt-to-Equity : 0.80 (As of Mar. 2024)


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What is Eimskipafelag Islands ehf Debt-to-Equity?

Eimskipafelag Islands ehf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr7,471 Mil. Eimskipafelag Islands ehf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr26,332 Mil. Eimskipafelag Islands ehf's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr42,356 Mil. Eimskipafelag Islands ehf's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 Eimskipafelag Islands ehf's Debt-to-Equity or its related term are showing as below:

OISE:EIM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28   Med: 0.7   Max: 1.07
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Eimskipafelag Islands ehf was 1.07. The lowest was 0.28. And the median was 0.70.

OISE:EIM's Debt-to-Equity is ranked worse than
61.11% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs OISE:EIM: 0.80

Eimskipafelag Islands ehf Debt-to-Equity Historical Data

The historical data trend for Eimskipafelag Islands ehf'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.

Eimskipafelag Islands ehf Debt-to-Equity Chart

Eimskipafelag Islands ehf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.00 1.05 0.79 0.69

Eimskipafelag Islands ehf 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.78 0.72 0.69 0.80

Competitive Comparison of Eimskipafelag Islands ehf's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Eimskipafelag Islands ehf'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.


Eimskipafelag Islands ehf's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eimskipafelag Islands ehf's Debt-to-Equity distribution charts can be found below:

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



Eimskipafelag Islands ehf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eimskipafelag Islands ehf's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Eimskipafelag Islands ehf's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Eimskipafelag Islands ehf  (OISE:EIM) 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.


Eimskipafelag Islands ehf Debt-to-Equity Related Terms

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Eimskipafelag Islands ehf (OISE:EIM) Business Description

Traded in Other Exchanges
N/A
Address
Sundabakki 2, Reykjavík, ISL, 104
Eimskipafelag Islands ehf Formerly Eimpskipafelag Islands provides shipping, logistics, supply chain services. The company's operations are divided into two market segments namely Liner services and Forwarding services. The liner services segment includes operations such as port operations, cold storage facilities, warehousing, trucking and distribution, air freight and agency services in Iceland and Norway. The forwarding services segment includes reefer forwarding, a system based on a network of own offices, association with deep-sea lines and associates. The company earns the majority of its revenues from Iceland, the Faroe Islands, and Asia.