COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Debt-to-Equity : 0.54 (As of Dec. 2023)

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What is COSCO Shipping International (Singapore) Co Debt-to-Equity?

COSCO Shipping International (Singapore) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.9 Mil. COSCO Shipping International (Singapore) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $177.6 Mil. COSCO Shipping International (Singapore) Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $365.7 Mil. COSCO Shipping International (Singapore) Co's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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 COSCO Shipping International (Singapore) Co's Debt-to-Equity or its related term are showing as below:

CSCMY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.64 Max: 21.77
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of COSCO Shipping International (Singapore) Co was 21.77. The lowest was 0.34. And the median was 0.64.

CSCMY's Debt-to-Equity is ranked better than
50.79% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs CSCMY: 0.54

COSCO Shipping International (Singapore) Co Debt-to-Equity Historical Data

The historical data trend for COSCO Shipping International (Singapore) Co'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.

COSCO Shipping International (Singapore) Co Debt-to-Equity Chart

COSCO Shipping International (Singapore) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.64

0.62

0.67

0.54

COSCO Shipping International (Singapore) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.62	0.57	0.67	0.60	0.54

Competitive Comparison of COSCO Shipping International (Singapore) Co's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, COSCO Shipping International (Singapore) Co'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.

COSCO Shipping International (Singapore) Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO Shipping International (Singapore) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where COSCO Shipping International (Singapore) Co's Debt-to-Equity falls into.

COSCO Shipping International (Singapore) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

COSCO Shipping International (Singapore) Co'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
	=	(18.945	+	177.588)	/	365.653
	=	0.54

COSCO Shipping International (Singapore) Co'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
	=	(18.945	+	177.588)	/	365.653
	=	0.54

COSCO Shipping International (Singapore) Co (OTCPK:CSCMY) 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.

COSCO Shipping International (Singapore) Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of COSCO Shipping International (Singapore) Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO Shipping International (Singapore) Co Ltd (OTCPK:CSCMY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

F83:Singapore VZS:Germany

Address

30 Cecil Street, No. 26-01 Prudential Tower, Singapore, SGP, 049712

Website

https://www.coscoshipping.com.sg

COSCO Shipping International (Singapore) Co Ltd is an investment holding company that operates ship repair, marine engineering, and dry bulk shipping outfits in China and Singapore. Further, The company also provides services that include property management. It operates in the following segment: shipping, ship repair and marine engineering activities, logistics, and property management. The majority of its revenue gets derived from the Logistics segment.

COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Headlines

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