Pacific Basin Shipping (Pacific Basin Shipping) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Pacific Basin Shipping Debt-to-Equity?

Pacific Basin Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $86 Mil. Pacific Basin Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $281 Mil. Pacific Basin Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,798 Mil. Pacific Basin Shipping's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

PCFBY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.77 Max: 1
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Pacific Basin Shipping was 1.00. The lowest was 0.20. And the median was 0.77.

PCFBY's Debt-to-Equity is ranked better than
78.57% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs PCFBY: 0.20

Pacific Basin Shipping Debt-to-Equity Historical Data

The historical data trend for Pacific Basin 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.

Pacific Basin Shipping Debt-to-Equity Chart

Pacific Basin Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.75

0.88

0.35

0.25

0.20

Pacific Basin Shipping 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															0.35	0.26	0.25	0.23	0.20

Competitive Comparison of Pacific Basin Shipping's Debt-to-Equity

For the Marine Shipping subindustry, Pacific Basin 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.

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

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

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

Pacific Basin Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pacific Basin 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
	=	(85.51	+	280.742)	/	1797.929
	=	0.20

Pacific Basin 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
	=	(85.51	+	280.742)	/	1797.929
	=	0.20

Pacific Basin Shipping (OTCPK:PCFBY) 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.

Pacific Basin Shipping Debt-to-Equity Related Terms

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Pacific Basin Shipping (Pacific Basin Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pacific Basin Shipping Ltd (OTCPK:PCFBY) » Definitions » Debt-to-Equity

Traded in Other Exchanges

PCFBF:USA 02343:Hong Kong OYD:Germany

Address

2 Heung Yip Road, 31st Floor One Island South, Wong Chuk Hang, Hong Kong, HKG

Website

https://www.pacificbasin.com

Pacific Basin Shipping Ltd is an investment holding company engaged in the provision of dry bulk shipping services internationally including Asia, America, Europe, Africa, and Australia and New Zealand. The company generates revenue from shipping activities, while the principal sources of which are derived from Handysize and Supramax vessels.