ElectroMagnetic GeoServices ASA (OSL:EMGS) Debt-to-Equity : 36.35 (As of Dec. 2023)

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What is ElectroMagnetic GeoServices ASA Debt-to-Equity?

ElectroMagnetic GeoServices ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr23.15 Mil. ElectroMagnetic GeoServices ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr208.07 Mil. ElectroMagnetic GeoServices ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr6.36 Mil. ElectroMagnetic GeoServices ASA's debt to equity for the quarter that ended in Dec. 2023 was 36.35.

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

OSL:EMGS' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.36 Med: 1.08 Max: 36.35
Current: 36.35

During the past 13 years, the highest Debt-to-Equity Ratio of ElectroMagnetic GeoServices ASA was 36.35. The lowest was -12.36. And the median was 1.08.

OSL:EMGS's Debt-to-Equity is ranked worse than
99.4% of 835 companies
in the Oil & Gas industry
Industry Median: 0.44 vs OSL:EMGS: 36.35

ElectroMagnetic GeoServices ASA Debt-to-Equity Historical Data

The historical data trend for ElectroMagnetic GeoServices 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.

ElectroMagnetic GeoServices ASA Debt-to-Equity Chart

ElectroMagnetic GeoServices ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.10

-5.91

-12.36

2.87

36.35

ElectroMagnetic GeoServices ASA 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															2.87	2.61	3.66	5.46	36.35

Competitive Comparison of ElectroMagnetic GeoServices ASA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, ElectroMagnetic GeoServices 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.

ElectroMagnetic GeoServices ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

ElectroMagnetic GeoServices ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ElectroMagnetic GeoServices 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
	=	(23.145	+	208.066)	/	6.361
	=	36.35

ElectroMagnetic GeoServices 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
	=	(23.145	+	208.066)	/	6.361
	=	36.35

ElectroMagnetic GeoServices ASA (OSL:EMGS) 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.

ElectroMagnetic GeoServices ASA Debt-to-Equity Related Terms

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ElectroMagnetic GeoServices ASA (OSL:EMGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ElectroMagnetic GeoServices ASA (OSL:EMGS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EMGSo:Sweden E2M:Germany

Address

Karenslyst Alle 4, 4th floor, Oslo, NOR, 0278

Website

https://www.emgs.com

ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, along with other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.

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