Fly Play hf (OISE:PLAY) Debt-to-Equity : 11.29 (As of Sep. 2023)

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What is Fly Play hf Debt-to-Equity?

Fly Play hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr3,618 Mil. Fly Play hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr36,130 Mil. Fly Play hf's Total Stockholders Equity for the quarter that ended in Sep. 2023 was kr3,520 Mil. Fly Play hf's debt to equity for the quarter that ended in Sep. 2023 was 11.29.

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 Fly Play hf's Debt-to-Equity or its related term are showing as below:

OISE:PLAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.03 Med: 4.03 Max: 20.25
Current: 11.29

During the past 4 years, the highest Debt-to-Equity Ratio of Fly Play hf was 20.25. The lowest was -16.03. And the median was 4.03.

OISE:PLAY's Debt-to-Equity is ranked worse than
97.85% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs OISE:PLAY: 11.29

Fly Play hf Debt-to-Equity Historical Data

The historical data trend for Fly Play hf'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.

Fly Play hf Debt-to-Equity Chart

Fly Play hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-16.03

1.34

4.41

Fly Play hf Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									4.38	4.41	12.23	20.25	11.29

Competitive Comparison of Fly Play hf's Debt-to-Equity

For the Airlines subindustry, Fly Play hf'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.

Fly Play hf's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Fly Play hf's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Fly Play hf's Debt-to-Equity falls into.

Fly Play hf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fly Play hf's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2385.398	+	21070.972)	/	5318.913
	=	4.41

Fly Play hf's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3617.9	+	36129.662)	/	3520.328
	=	11.29

Fly Play hf (OISE:PLAY) 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.

Fly Play hf Debt-to-Equity Related Terms

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

Fly Play hf (OISE:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fly Play hf (OISE:PLAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suourlandsbraut 14, Reykjavik, ISL, 108

Website

https://www.flyplay.com

Fly Play hf is a low-cost airline operating flights between Iceland and Europe using Keflavik International Airport as a hub to facilitate connections for passengers, and cargo.