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Sable Offshore (Sable Offshore) Debt-to-Equity : 0.95 (As of Dec. 2023)


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What is Sable Offshore Debt-to-Equity?

Sable Offshore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.51 Mil. Sable Offshore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Sable Offshore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7.94 Mil. Sable Offshore's debt to equity for the quarter that ended in Dec. 2023 was 0.95.

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 Sable Offshore's Debt-to-Equity or its related term are showing as below:

SOC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.48   Max: 1.91
Current: 0.95

During the past 4 years, the highest Debt-to-Equity Ratio of Sable Offshore was 1.91. The lowest was 0.00. And the median was 0.48.

SOC's Debt-to-Equity is ranked worse than
73.41% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SOC: 0.95

Sable Offshore Debt-to-Equity Historical Data

The historical data trend for Sable Offshore'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.

Sable Offshore Debt-to-Equity Chart

Sable Offshore Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
1.91 - 0.01 0.95

Sable Offshore Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.04 0.03 0.10 0.95

Competitive Comparison of Sable Offshore's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Sable Offshore'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.

Sable Offshore's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sable Offshore's Debt-to-Equity falls into.


Sable Offshore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sable Offshore'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
=(7.51 + 0) / 7.937
=0.95

Sable Offshore'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
=(7.51 + 0) / 7.937
=0.95

* 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.

Sable Offshore  (NYSE:SOC) 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.

Sable Offshore Debt-to-Equity Related Terms

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

Sable Offshore (Sable Offshore) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sable Offshore Corp (NYSE:SOC) » Definitions » Debt-to-Equity
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Address
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Website
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Flame Acquisition Corp is a blank check company.
Executives
Global Icav Pilgrim 10 percent owner 21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
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James C Flores director, 10 percent owner, officer: CEO & President P.O. BOX 1083, HOUSTON TX 77251
Christopher Binyon Sarofim director 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Gregory Phillip Pipkin director 11227 SMITHDALE ROAD, HOUSTON TX 77024
Flame Acquisition Sponsor Llc 10 percent owner C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely officer: CFO & Secretary C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard director C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002