Globus Maritime (Globus Maritime) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Globus Maritime 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. Globus Maritime's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Globus Maritime's long-term debt to total assets ratio increased from Dec. 2022 (0.17) to Dec. 2023 (0.20). It may suggest that Globus Maritime is progressively becoming more dependent on debt to grow their business.

Globus Maritime LT-Debt-to-Total-Asset Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime LT-Debt-to-Total-Asset Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.67

0.36

0.15

0.17

0.20

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.19	0.15	0.20	0.20

Globus Maritime LT-Debt-to-Total-Asset Calculation

Globus Maritime'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 )
	=	45.759	/	231.401
	=	0.20

Globus Maritime's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	45.759	/	231.401
	=	0.20

Globus Maritime (NAS:GLBS) 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.

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.