Jordan National Shipping Lines (AMM:SHIP) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Jordan National Shipping Lines Debt-to-Equity?

Jordan National Shipping Lines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD0.00 Mil. Jordan National Shipping Lines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD0.00 Mil. Jordan National Shipping Lines's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD29.52 Mil. Jordan National Shipping Lines's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Jordan National Shipping Lines's Debt-to-Equity or its related term are showing as below:

AMM:SHIP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.26 Max: 0.4
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Jordan National Shipping Lines was 0.40. The lowest was 0.01. And the median was 0.26.

AMM:SHIP's Debt-to-Equity is ranked better than
75.65% of 883 companies
in the Transportation industry
Industry Median: 0.55 vs AMM:SHIP: 0.22

Jordan National Shipping Lines Debt-to-Equity Historical Data

The historical data trend for Jordan National Shipping Lines'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.

Jordan National Shipping Lines Debt-to-Equity Chart

Jordan National Shipping Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.27

0.28

0.22

Jordan National Shipping Lines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.24	-	0.22	-

Competitive Comparison of Jordan National Shipping Lines's Debt-to-Equity

For the Marine Shipping subindustry, Jordan National Shipping Lines'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.

Jordan National Shipping Lines's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Jordan National Shipping Lines's Debt-to-Equity falls into.

Jordan National Shipping Lines Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jordan National Shipping Lines's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.561	+	4.827)	/	28.679
	=	0.22

Jordan National Shipping Lines's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0	+	0)	/	29.52
	=	0.00

Jordan National Shipping Lines (AMM:SHIP) 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.

Jordan National Shipping Lines Debt-to-Equity Related Terms

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Jordan National Shipping Lines (AMM:SHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jordan National Shipping Lines (AMM:SHIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Saqra Street, Building No. 51, P.O. Box: 5406, Amman, JOR, 11183

Website

https://www.jnslgroup.com

Jordan National Shipping Lines is a shipping company based in Jordan. The company's services include shipping, ship operations, chartering, ship agency, marine services, port operations, manning and technical ship management, energy transport, freight forwarding, maritime education, hospitality, and transportation. The company earns revenue from the Marine services sector and Hotel services sector, out of which the majority comes from the marine sector.