GLBS (Globus Maritime) Debt-to-Asset : 0.34 (As of Sep. 2024)

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What is Globus Maritime Debt-to-Asset?

Globus Maritime's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.29 Mil. Globus Maritime's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $87.91 Mil. Globus Maritime's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $280.08 Mil. Globus Maritime's debt to asset for the quarter that ended in Sep. 2024 was 0.34.

Globus Maritime Debt-to-Asset Historical Data

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

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.69

0.43

0.17

0.20

0.23

Globus Maritime Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.23	0.23	0.23	0.28	0.34

Competitive Comparison of Globus Maritime's Debt-to-Asset

For the Marine Shipping subindustry, Globus Maritime's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Globus Maritime's Debt-to-Asset Distribution in the Transportation Industry

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

* The bar in red indicates where Globus Maritime's Debt-to-Asset falls into.

Globus Maritime Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Globus Maritime's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.688	+	45.759)	/	231.401
	=	0.23

Globus Maritime's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8.293	+	87.914)	/	280.082
	=	0.34

Globus Maritime (NAS:GLBS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Globus Maritime Debt-to-Asset Related Terms

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Globus Maritime Business Description

Industry

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

Comparable Companies

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.