DryShips (DryShips) Debt-to-Equity : 0.50 (As of Jun. 2019)

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What is DryShips Debt-to-Equity?

DryShips's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $57.1 Mil. DryShips's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $256.0 Mil. DryShips's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $624.4 Mil. DryShips's debt to equity for the quarter that ended in Jun. 2019 was 0.50.

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

DRYS's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

DryShips Debt-to-Equity Historical Data

The historical data trend for DryShips'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.

DryShips Debt-to-Equity Chart

DryShips Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.84

1.79

0.34

0.21

0.46

DryShips Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Debt-to-Equity	Get a 7-Day Free Trial															0.63	0.63	0.46	0.45	0.50

Competitive Comparison of DryShips's Debt-to-Equity

For the Marine Shipping subindustry, DryShips'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.

DryShips's Debt-to-Equity Distribution in the Transportation Industry

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

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

DryShips Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DryShips's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(38.795	+	251.288)	/	637.729
	=	0.45

DryShips's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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
	=	(57.129	+	255.961)	/	624.422
	=	0.50

DryShips (NAS:DRYS) 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.

DryShips Debt-to-Equity Related Terms

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DryShips (DryShips) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DryShips Inc (NAS:DRYS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Dryships Management Services Inc, 109 Kifissias Avenue and Sina Street, Marousi, Athens, GRC, 151 24

Website

http://www.dryships.com

DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the offshore energy industry. The company owns a fleet of Panamax dry bulk vessels, Newcastlemax dry bulk vessels, Aframax tankers and gas carriers.