Okeanis Eco Tankers (Okeanis Eco Tankers) Debt-to-Equity : 1.73 (As of Sep. 2023)

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What is Okeanis Eco Tankers Debt-to-Equity?

Okeanis Eco Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $77.7 Mil. Okeanis Eco Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $626.4 Mil. Okeanis Eco Tankers's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $406.2 Mil. Okeanis Eco Tankers's debt to equity for the quarter that ended in Sep. 2023 was 1.73.

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 Okeanis Eco Tankers's Debt-to-Equity or its related term are showing as below:

ECO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01 Med: 1.74 Max: 2.16
Current: 1.73

During the past 5 years, the highest Debt-to-Equity Ratio of Okeanis Eco Tankers was 2.16. The lowest was 1.01. And the median was 1.74.

ECO's Debt-to-Equity is ranked worse than
84.28% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs ECO: 1.73

Okeanis Eco Tankers Debt-to-Equity Historical Data

The historical data trend for Okeanis Eco Tankers'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.

Okeanis Eco Tankers Debt-to-Equity Chart

Okeanis Eco Tankers Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

1.07

2.14

2.10

1.61

1.75

Okeanis Eco Tankers Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.96	1.75	1.68	1.64	1.73

Competitive Comparison of Okeanis Eco Tankers's Debt-to-Equity

For the Marine Shipping subindustry, Okeanis Eco Tankers'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.

Okeanis Eco Tankers's Debt-to-Equity Distribution in the Transportation Industry

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

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

Okeanis Eco Tankers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okeanis Eco Tankers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(70.799	+	668.236)	/	422.243
	=	1.75

Okeanis Eco Tankers's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(77.699	+	626.391)	/	406.189
	=	1.73

Okeanis Eco Tankers (NYSE:ECO) 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.

Okeanis Eco Tankers Debt-to-Equity Related Terms

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Okeanis Eco Tankers (Okeanis Eco Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Okeanis Eco Tankers Corp (NYSE:ECO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OETo:Sweden OET:Norway OETo:UK 7OK:Germany 7OK:Germany

Address

Ethnarchou Makariou av, & 2 D. Falireos street, Neo Faliro, Piraeus, GRC, 18547

Website

https://www.okeanisecotankers.com

Okeanis Eco Tankers Corp owns and operates tanker vessels in Greece. The business of the company is to own, charter out, and operate tanker vessels. The company owns, through its vessel-owning subsidiaries, a fleet of around seven tanker vessels and has around eight tanker vessels on order. The sailing fleet consists of around six modern Suezmax tankers, and eight VLCC tankers.