Hexagon Composites ASA (OSTO:HEXO) Debt-to-Equity : 0.66 (As of Mar. 2024)

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What is Hexagon Composites ASA Debt-to-Equity?

Hexagon Composites ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,716 Mil. Hexagon Composites ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr383 Mil. Hexagon Composites ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr3,202 Mil. Hexagon Composites ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.66.

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

OSTO:HEXO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.54 Max: 0.89
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Hexagon Composites ASA was 0.89. The lowest was 0.26. And the median was 0.54.

OSTO:HEXO's Debt-to-Equity is ranked worse than
63.43% of 350 companies
in the Packaging & Containers industry
Industry Median: 0.445 vs OSTO:HEXO: 0.66

Hexagon Composites ASA Debt-to-Equity Historical Data

The historical data trend for Hexagon Composites 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.

Hexagon Composites ASA Debt-to-Equity Chart

Hexagon Composites ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.74

0.47

0.76

0.49

Hexagon Composites ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.80	0.44	0.38	0.49	0.66

Competitive Comparison of Hexagon Composites ASA's Debt-to-Equity

For the Packaging & Containers subindustry, Hexagon Composites 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.

Hexagon Composites ASA's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Debt-to-Equity distribution charts can be found below:

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

Hexagon Composites ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hexagon Composites 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
	=	(1170.335	+	387.26)	/	3214.034
	=	0.48

Hexagon Composites ASA'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
	=	(1716.112	+	383.032)	/	3201.852
	=	0.66

Hexagon Composites ASA (OSTO:HEXO) 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.

Hexagon Composites ASA Debt-to-Equity Related Terms

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Hexagon Composites ASA (OSTO:HEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (OSTO:HEXO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HXGCF:USA HEX:Norway 0EOF:UK 2HX:Germany

Address

Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002

Website

https://www.hexagongroup.com

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.