Diana Shipping (Diana Shipping) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Diana Shipping Debt-to-Equity?

Diana Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $49.51 Mil. Diana Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $461.13 Mil. Diana Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $489.02 Mil. Diana Shipping's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

DSXpB.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.9 Max: 1.08
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Diana Shipping was 1.08. The lowest was 0.38. And the median was 0.90.

DSXpB.PFD's Debt-to-Equity is ranked worse than
71.66% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs DSXpB.PFD: 1.04

Diana Shipping Debt-to-Equity Historical Data

The historical data trend for Diana Shipping'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.

Diana Shipping Debt-to-Equity Chart

Diana Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.83

0.98

1.08

1.07

1.04

Diana Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.07	1.28	1.10	1.35	1.04

Competitive Comparison of Diana Shipping's Debt-to-Equity

For the Marine Shipping subindustry, Diana Shipping'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.

Diana Shipping's Debt-to-Equity Distribution in the Transportation Industry

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

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

Diana Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diana Shipping'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
	=	(49.512	+	461.131)	/	489.021
	=	1.04

Diana Shipping'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
	=	(49.512	+	461.131)	/	489.021
	=	1.04

Diana Shipping (NYSE:DSXpB.PFD) 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.

Diana Shipping Debt-to-Equity Related Terms

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Diana Shipping (Diana Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diana Shipping Inc (NYSE:DSXpB.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSX:USA DSZ:Germany

Address

175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64

Website

https://www.dianashippinginc.com

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.