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Nel ASA, a hydrogen company, engages in the provision of solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates through its Nel Alkaline ...
The following section summarizes insights on Nel ASA's Degree of Combined Leverage (DCL):
We've identified the following companies as similar to Nel ASA because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
| Name | Ticker | Degree of Combined Leverage (DCL) |
|---|---|---|
| Etman International ASA | OTCNO:ETMA | -42.46 |
| Zaptec AS | OB:ZAP | -18.05 |
| Siemens Energy AG | BRSE:ENR | -8.51 |
| Green Hydrogen Systems A/S | DB:3LUA | -0.11 |
| Otovo AS | OB:OTOVO | -0.10 |
| Ballard Power Systems Inc | DB:PO0 | 0.11 |
| Industrials | SECTOR:IND.NO | 0.11 |
| Plug Power Inc. | DB:PLUN | 0.19 |
| ITM Power Plc | DB:IJ8 | 0.24 |
| FuelCell Energy, Inc. | DB:FEY | 0.56 |
| Nel ASA | LSE:0E4Q | 4.11 |
| HydrogenPro AS | OB:HYPRO | 4.17 |
Data is returned as a standard number. Suggested format is two decimals (e.g 7.00). Please note, you need a Premium subscription to access data for degree_of_combined_leverage.
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The degree of combined leverage expands on the degree of operating leverage to provide a view of a company's ability to generate profits from sales. I...
The chart above depicts the distribution of degree of combined leverage (dcl) for companies operating in the Industrials sector in the Developed economic region. Over 3,455 companies were considered in this analysis, and 3,322 had meaningful values. The average degree of combined leverage (dcl) of companies in the sector is 3.55 with a standard deviation of 21.05.
Nel ASA's Degree of Combined Leverage (DCL) of 4.11 ranks in the 69.3% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,460 |
| Included Constituents | 3,322 |
| Min | -110.05 |
| Max | 145.44 |
| Median | 1.58 |
| Mean | 3.55 |
| Standard Deviation | 21.05 |
You can find companies with similar degree of combined leverage (dcl) using this stock screener.