Grand Harbour Marina (MAL:GHM) Debt-to-Equity : 5.40 (As of Jun. 2023)

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What is Grand Harbour Marina Debt-to-Equity?

Grand Harbour Marina's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.01 Mil. Grand Harbour Marina's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €21.03 Mil. Grand Harbour Marina's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €3.90 Mil. Grand Harbour Marina's debt to equity for the quarter that ended in Jun. 2023 was 5.40.

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 Grand Harbour Marina's Debt-to-Equity or its related term are showing as below:

MAL:GHM' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.35 Med: 4.99 Max: 9.76
Current: 5.4

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Harbour Marina was 9.76. The lowest was 3.35. And the median was 4.99.

MAL:GHM's Debt-to-Equity is ranked worse than
93.47% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs MAL:GHM: 5.40

Grand Harbour Marina Debt-to-Equity Historical Data

The historical data trend for Grand Harbour Marina'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.

Grand Harbour Marina Debt-to-Equity Chart

Grand Harbour Marina Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

4.91

6.48

8.19

9.76

4.73

Grand Harbour Marina Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															8.56	9.76	5.17	4.73	5.40

Competitive Comparison of Grand Harbour Marina's Debt-to-Equity

For the Leisure subindustry, Grand Harbour Marina'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.

Grand Harbour Marina's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grand Harbour Marina's Debt-to-Equity falls into.

Grand Harbour Marina Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Harbour Marina's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.014	+	21.007)	/	4.446
	=	4.73

Grand Harbour Marina's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.012	+	21.034)	/	3.897
	=	5.40

Grand Harbour Marina (MAL:GHM) 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.

Grand Harbour Marina Debt-to-Equity Related Terms

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Grand Harbour Marina (MAL:GHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grand Harbour Marina PLC (MAL:GHM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vittoriosa Wharf, Vittoriosa, MLT, BRG 1721

Website

https://www.cnmarinas.com

Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are the acquisition, development, operation, and management of marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.