Gigantelmon AS (OSL:GIGA) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Gigantelmon AS Debt-to-Equity?

Gigantelmon AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.00 Mil. Gigantelmon AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr237.27 Mil. Gigantelmon AS's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr481.23 Mil. Gigantelmon AS's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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 Gigantelmon AS's Debt-to-Equity or its related term are showing as below:

OSL:GIGA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.51 Max: 0.64
Current: 0.49

During the past 5 years, the highest Debt-to-Equity Ratio of Gigantelmon AS was 0.64. The lowest was 0.27. And the median was 0.51.

OSL:GIGA's Debt-to-Equity is ranked worse than
55.03% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs OSL:GIGA: 0.49

Gigantelmon AS Debt-to-Equity Historical Data

The historical data trend for Gigantelmon AS'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.

Gigantelmon AS Debt-to-Equity Chart

Gigantelmon AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.27

Gigantelmon AS Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										-	0.53	0.64	0.27	0.49

Competitive Comparison of Gigantelmon AS's Debt-to-Equity

For the Farm Products subindustry, Gigantelmon AS'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.

Gigantelmon AS's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gigantelmon AS's Debt-to-Equity distribution charts can be found below:

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

Gigantelmon AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gigantelmon AS'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
	=	(0	+	130.436)	/	481.515
	=	0.27

Gigantelmon AS's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0	+	237.266)	/	481.234
	=	0.49

Gigantelmon AS (OSL:GIGA) 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.

Gigantelmon AS Debt-to-Equity Related Terms

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Gigantelmon AS (OSL:GIGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gigante Salmon AS (OSL:GIGA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

96M:Germany

Address

Sjogata 21, Bodo, NOR, 8006

Website

https://www.gigantesalmon.no

Gigante Salmon AS is engaged in the salmon farming business.

Gigantelmon AS (OSL:GIGA) Headlines

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