Performance Shipping (FRA:DS2) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Performance Shipping LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Performance Shipping's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Performance Shipping's long-term debt to total assets ratio declined from Mar. 2023 (0.39) to Mar. 2024 (0.18). It may suggest that Performance Shipping is progressively becoming less dependent on debt to grow their business.

Performance Shipping LT-Debt-to-Total-Asset Historical Data

The historical data trend for Performance Shipping's LT-Debt-to-Total-Asset 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.

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Performance Shipping LT-Debt-to-Total-Asset Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.32

0.29

0.38

0.16

Performance Shipping Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.32	0.35	0.16	0.18

Performance Shipping LT-Debt-to-Total-Asset Calculation

Performance Shipping's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	43.55	/	271.676
	=	0.16

Performance Shipping's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	48.788	/	279.005
	=	0.17

Performance Shipping (FRA:DS2) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Performance Shipping LT-Debt-to-Total-Asset Related Terms

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Performance Shipping (FRA:DS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (FRA:DS2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PSHG:USA

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Performance Shipping (FRA:DS2) Headlines

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