Piraeus Port Authority (LTS:0FHO) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Piraeus Port Authority Debt-to-Equity?

Piraeus Port Authority's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.4 Mil. Piraeus Port Authority's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €88.3 Mil. Piraeus Port Authority's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €355.1 Mil. Piraeus Port Authority's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Piraeus Port Authority's Debt-to-Equity or its related term are showing as below:

LTS:0FHO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.41 Max: 0.52
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Piraeus Port Authority was 0.52. The lowest was 0.27. And the median was 0.41.

LTS:0FHO's Debt-to-Equity is ranked better than
71.66% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs LTS:0FHO: 0.27

Piraeus Port Authority Debt-to-Equity Historical Data

The historical data trend for Piraeus Port Authority'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.

Piraeus Port Authority Debt-to-Equity Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.47

0.40

0.33

0.27

Piraeus Port Authority 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															0.40	0.35	0.33	0.28	0.27

Competitive Comparison of Piraeus Port Authority's Debt-to-Equity

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Piraeus Port Authority's Debt-to-Equity falls into.

Piraeus Port Authority Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Piraeus Port Authority'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
	=	(7.382	+	88.278)	/	355.071
	=	0.27

Piraeus Port Authority'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
	=	(7.382	+	88.278)	/	355.071
	=	0.27

Piraeus Port Authority (LTS:0FHO) 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.

Piraeus Port Authority Debt-to-Equity Related Terms

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Piraeus Port Authority (LTS:0FHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (LTS:0FHO) » Definitions » Debt-to-Equity

Traded in Other Exchanges

PPA:Greece PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.

Piraeus Port Authority (LTS:0FHO) Headlines

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