Icelandiclmon AS (OSL:ISLAX) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Icelandiclmon AS Debt-to-Equity?

Icelandiclmon AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr28 Mil. Icelandiclmon AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr682 Mil. Icelandiclmon AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr1,759 Mil. Icelandiclmon AS's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

OSL:ISLAX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 0.93
Current: 0.4

During the past 7 years, the highest Debt-to-Equity Ratio of Icelandiclmon AS was 0.93. The lowest was 0.21. And the median was 0.45.

OSL:ISLAX's Debt-to-Equity is ranked better than
50.64% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs OSL:ISLAX: 0.40

Icelandiclmon AS Debt-to-Equity Historical Data

The historical data trend for Icelandiclmon 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.

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Icelandiclmon AS Debt-to-Equity Chart

Icelandiclmon AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.21

0.43

0.45

0.40

Icelandiclmon AS Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.43	0.36	0.45	0.30	0.40

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

For the Farm Products subindustry, Icelandiclmon 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.

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

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

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

Icelandiclmon AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Icelandiclmon 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
	=	(27.541	+	681.88)	/	1758.816
	=	0.40

Icelandiclmon AS'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
	=	(27.541	+	681.88)	/	1758.816
	=	0.40

Icelandiclmon AS (OSL:ISLAX) 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.

Icelandiclmon AS Debt-to-Equity Related Terms

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Icelandiclmon AS (OSL:ISLAX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ISLAX:Iceland

Address

Industriveien 51, Kverva, NOR, 7266

Website

https://www.arnarlax.is

Icelandic Salmon AS is an aquaculture company in Iceland. It is engaged in the production, processing, and sale of high-quality Icelandic salmon. Geographically, it derives a majority of revenue from Europe excluding Norway.

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