Havila Shipping ASA (OSL:HAVI) Debt-to-Equity : 66.04 (As of Dec. 2023)

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What is Havila Shipping ASA Debt-to-Equity?

Havila Shipping ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1,258.8 Mil. Havila Shipping ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr31.3 Mil. Havila Shipping ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr19.5 Mil. Havila Shipping ASA's debt to equity for the quarter that ended in Dec. 2023 was 66.04.

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

OSL:HAVI' s Debt-to-Equity Range Over the Past 10 Years
Min: -39.6 Med: -0.25 Max: 91.95
Current: 66.04

During the past 13 years, the highest Debt-to-Equity Ratio of Havila Shipping ASA was 91.95. The lowest was -39.60. And the median was -0.25.

OSL:HAVI's Debt-to-Equity is ranked worse than
99.66% of 884 companies
in the Transportation industry
Industry Median: 0.565 vs OSL:HAVI: 66.04

Havila Shipping ASA Debt-to-Equity Historical Data

The historical data trend for Havila Shipping 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.

Havila Shipping ASA Debt-to-Equity Chart

Havila Shipping ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-3.42

-39.60

91.95

-19.69

66.04

Havila Shipping 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															-19.69	46.55	61.14	32.19	66.04

Competitive Comparison of Havila Shipping ASA's Debt-to-Equity

For the Marine Shipping subindustry, Havila Shipping 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.

Havila Shipping ASA's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Havila Shipping ASA's Debt-to-Equity distribution charts can be found below:

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

Havila Shipping ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Havila Shipping 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
	=	(1258.752	+	31.287)	/	19.533
	=	66.04

Havila Shipping 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
	=	(1258.752	+	31.287)	/	19.533
	=	66.04

Havila Shipping ASA (OSL:HAVI) 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.

Havila Shipping ASA Debt-to-Equity Related Terms

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

Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

Havila Shipping ASA (OSL:HAVI) Headlines

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