StealthGas (STU:S6W) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is StealthGas Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for StealthGas's Average Age of Fleet in Years or its related term are showing as below:

STU:S6W's Average Age of Fleet in Years is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

StealthGas Average Age of Fleet in Years Historical Data

The historical data trend for StealthGas's Average Age of Fleet in Years 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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StealthGas Average Age of Fleet in Years Chart

StealthGas (STU:S6W) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

StealthGas Average Age of Fleet in Years Related Terms

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StealthGas (STU:S6W) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » StealthGas Inc (STU:S6W) » Definitions » Average Age of Fleet in Years

Comparable Companies

Traded in Other Exchanges

GASS:USA S6W:Germany

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.stealthgas.com

StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders worldwide. The company carriers carry various petroleum gas products in liquefied forms, such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

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