Grand Banks Yachts (SGX:G50) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Grand Banks Yachts Debt-to-Equity?

Grand Banks Yachts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1.2 Mil. Grand Banks Yachts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$3.6 Mil. Grand Banks Yachts's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$73.4 Mil. Grand Banks Yachts's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Banks Yachts's Debt-to-Equity or its related term are showing as below:

SGX:G50' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.25
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Banks Yachts was 0.25. The lowest was 0.04. And the median was 0.06.

SGX:G50's Debt-to-Equity is ranked better than
85.69% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs SGX:G50: 0.07

Grand Banks Yachts Debt-to-Equity Historical Data

The historical data trend for Grand Banks Yachts'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 Banks Yachts Debt-to-Equity Chart

Grand Banks Yachts Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.24

0.08

0.06

0.04

Grand Banks Yachts 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															0.07	0.06	0.05	0.04	0.07

Competitive Comparison of Grand Banks Yachts's Debt-to-Equity

For the Leisure subindustry, Grand Banks Yachts'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 Banks Yachts's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

Grand Banks Yachts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Banks Yachts's Debt to Equity Ratio for the fiscal year 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
	=	(0.735	+	1.747)	/	69.123
	=	0.04

Grand Banks Yachts'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
	=	(1.17	+	3.646)	/	73.427
	=	0.07

Grand Banks Yachts (SGX:G50) 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 Banks Yachts Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Grand Banks Yachts's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand Banks Yachts (SGX:G50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grand Banks Yachts Ltd (SGX:G50) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Bukit Batok Crescent, No. 06-74, Wcega Tower, Singapore, SGP, 658065

Website

https://www.grandbanks.com

Grand Banks Yachts Ltd along with its subsidiaries is an investment holding company that is involved in manufacturing, selling and exporting luxury yachts overseas. The company has two segments: Manufacturing and Trading of Yachts and Others. Geographically the company exports its products to America, Europe, Australia, and Asia; out of which America generates maximum revenue for the company. It also provides hardware and other accessories for making yachts. Grand Banks 54, Grand Banks 60, Grand Banks 85, Eastbay 44 and Eastbay 60 are the company's product lines. The majority of the firm's revenue comes from the Manufacturing and Trading of Yachts segment.

Grand Banks Yachts (SGX:G50) Headlines

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