McDermott International (STU:MIQ2) Debt-to-Equity : -0.74 (As of Mar. 2020)

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What is McDermott International Debt-to-Equity?

McDermott International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €1,969 Mil. McDermott International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was €252 Mil. McDermott International's Total Stockholders Equity for the quarter that ended in Mar. 2020 was €-2,994 Mil. McDermott International's debt to equity for the quarter that ended in Mar. 2020 was -0.74.

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 McDermott International's Debt-to-Equity or its related term are showing as below:

STU:MIQ2's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

McDermott International Debt-to-Equity Historical Data

The historical data trend for McDermott International'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.

McDermott International Debt-to-Equity Chart

McDermott International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.57

0.48

0.31

3.40

-3.00

McDermott International Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Debt-to-Equity	Get a 7-Day Free Trial															4.44	5.53	-4.17	-3.00	-0.74

Competitive Comparison of McDermott International's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, McDermott International'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.

McDermott International's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

McDermott International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McDermott International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(4726.8	+	273.6)	/	-1667.7
	=	-3.00

McDermott International's Debt to Equity Ratio for the quarter that ended in Mar. 2020 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
	=	(1969.28	+	252.495)	/	-2993.74
	=	-0.74

McDermott International (STU:MIQ2) 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.

McDermott International Debt-to-Equity Related Terms

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McDermott International (STU:MIQ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McDermott International Inc (STU:MIQ2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

757 N. Eldridge Parkway, Houston, TX, USA, 77079

Website

http://www.mcdermott.com

McDermott International Inc provides integrated engineering, procurement, construction and installation, and module fabrication services for oil and gas field developments worldwide. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems for complex offshore and subsea oil and gas projects. Revenue is derived internationally, and customers include national, major integrated, and other oil and gas companies. Contracts are executed through a series of different methods, principally fixed-price, but also include fixed reimbursable, cost-plus, day-rate, and unit-rate basis.

McDermott International (STU:MIQ2) Headlines

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