Edda Wind ASA (OSL:EWIND) Debt-to-Equity : 1.00 (As of Dec. 2023)

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What is Edda Wind ASA Debt-to-Equity?

Edda Wind ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr319.0 Mil. Edda Wind ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr2,957.8 Mil. Edda Wind ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr3,277.3 Mil. Edda Wind ASA's debt to equity for the quarter that ended in Dec. 2023 was 1.00.

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

OSL:EWIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.33 Max: 29.59
Current: 1

During the past 7 years, the highest Debt-to-Equity Ratio of Edda Wind ASA was 29.59. The lowest was 0.64. And the median was 1.33.

OSL:EWIND's Debt-to-Equity is ranked worse than
74.79% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs OSL:EWIND: 1.00

Edda Wind ASA Debt-to-Equity Historical Data

The historical data trend for Edda Wind 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.

Edda Wind ASA Debt-to-Equity Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.51

1.33

0.64

0.86

1.00

Edda Wind ASA Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.86	0.59	0.64	0.72	1.00

Competitive Comparison of Edda Wind ASA's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Edda Wind 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.

Edda Wind ASA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Edda Wind ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Edda Wind 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
	=	(319.001	+	2957.755)	/	3277.343
	=	1.00

Edda Wind 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
	=	(319.001	+	2957.755)	/	3277.343
	=	1.00

Edda Wind ASA (OSL:EWIND) 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.

Edda Wind ASA Debt-to-Equity Related Terms

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Edda Wind ASA (OSL:EWIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (OSL:EWIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EWINDO:Sweden VR1:Germany

Address

Smedasundet 97, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

Edda Wind ASA (OSL:EWIND) Headlines

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