PRGNF (Paragon Shipping) Debt-to-Asset : 0.91 (As of Dec. 2015)

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What is Paragon Shipping Debt-to-Asset?

Paragon Shipping PRGNF -99.00% Debt-to-Asset is 0.91 as of Dec. 2015.

Paragon Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $97.09 Mil. Paragon Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $0.00 Mil. Paragon Shipping's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2015 was $107.24 Mil. Paragon Shipping's debt to asset for the quarter that ended in Dec. 2015 was 0.91.

Paragon Shipping  (OTCPK:PRGNF) 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.

Paragon Shipping Debt-to-Asset Related Terms

Paragon Shipping Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Paragon Shipping'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.

Paragon Shipping Debt-to-Asset Chart

Paragon Shipping Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.43 0.50 0.91 23.15

Paragon Shipping Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only 0.47 0.47 0.43 0.50 0.91

PRGNF vs CTRM, GLBS, TOPS: Debt-to-Asset Comparison

For the Marine Shipping subindustry, Paragon Shipping'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.

Paragon Shipping Debt-to-Asset vs Transportation Industry

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

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


Paragon Shipping Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Paragon Shipping's Debt-to-Asset for the fiscal year that ended in Dec. 2016 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(16.574961 + 0) / 0.715949
=23.15

Paragon Shipping's Debt-to-Asset for the quarter that ended in Dec. 2015 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(97.086782 + 0) / 107.240711
=0.91

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.91 mean?
Paragon Shipping (PRGNF) has a Debt-to-Asset of 0.91 as of Dec. 2015. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Paragon Shipping and its competitors.
Is Paragon Shipping's Debt-to-Asset too high?
Paragon Shipping's current Debt-to-Asset is 0.91.
How does Paragon Shipping's Debt-to-Asset compare to CTRM and GLBS?
Paragon Shipping's Debt-to-Asset of 0.91 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Transportation company?
A good Debt-to-Asset depends on the Transportation industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Paragon Shipping and its competitors. Paragon Shipping's current Debt-to-Asset is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Shipping stock overvalued right now?
Paragon Shipping (PRGNF) has a current Debt-to-Asset of 0.91. The current Debt-to-Asset is 0.91. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Paragon Shipping (PRGNF), the current Debt-to-Asset is 0.91 as of Dec. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Paragon Shipping Business Description

Address 15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.