Diamond S Shipping Group (Diamond S Shipping Group) Debt-to-Equity : 1.31 (As of Mar. 2013)

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What is Diamond S Shipping Group Debt-to-Equity?

Diamond S Shipping Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was $62.17 Mil. Diamond S Shipping Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was $582.17 Mil. Diamond S Shipping Group's Total Stockholders Equity for the quarter that ended in Mar. 2013 was $492.60 Mil. Diamond S Shipping Group's debt to equity for the quarter that ended in Mar. 2013 was 1.31.

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 Diamond S Shipping Group's Debt-to-Equity or its related term are showing as below:

DSG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 1.03

DSG's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.545 vs DSG: 1.03

Diamond S Shipping Group Debt-to-Equity Historical Data

The historical data trend for Diamond S Shipping Group'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.

Diamond S Shipping Group Debt-to-Equity Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Debt-to-Equity

1.42

1.31

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Debt-to-Equity	1.42	1.31

Competitive Comparison of Diamond S Shipping Group's Debt-to-Equity

For the Marine Shipping subindustry, Diamond S Shipping Group'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.

Diamond S Shipping Group's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Diamond S Shipping Group's Debt-to-Equity falls into.

Diamond S Shipping Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diamond S Shipping Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 2013 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
	=	(62.173	+	582.166)	/	492.595
	=	1.31

Diamond S Shipping Group's Debt to Equity Ratio for the quarter that ended in Mar. 2013 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
	=	(62.173	+	582.166)	/	492.595
	=	1.31

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group Debt-to-Equity Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Debt-to-Equity

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.