Precious Shipping PCL (BKK:PSL) Debt-to-Equity : 0.42 (As of Sep. 2024)

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What is Precious Shipping PCL Debt-to-Equity?

Precious Shipping PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ฿1,098 Mil. Precious Shipping PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ฿5,541 Mil. Precious Shipping PCL's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ฿15,937 Mil. Precious Shipping PCL's debt to equity for the quarter that ended in Sep. 2024 was 0.42.

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 Precious Shipping PCL's Debt-to-Equity or its related term are showing as below:

BKK:PSL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.95 Max: 1.38
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Precious Shipping PCL was 1.38. The lowest was 0.37. And the median was 0.95.

BKK:PSL's Debt-to-Equity is ranked better than
58.5% of 882 companies
in the Transportation industry
Industry Median: 0.54 vs BKK:PSL: 0.42

Precious Shipping PCL Debt-to-Equity Historical Data

The historical data trend for Precious Shipping PCL'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.

Precious Shipping PCL Debt-to-Equity Chart

Precious Shipping PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.10

0.99

0.57

0.41

0.45

Precious Shipping PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.45	0.37	0.41	0.42

Competitive Comparison of Precious Shipping PCL's Debt-to-Equity

For the Marine Shipping subindustry, Precious Shipping PCL'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.

Precious Shipping PCL's Debt-to-Equity Distribution in the Transportation Industry

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

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

Precious Shipping PCL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Precious Shipping PCL'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
	=	(1787.785	+	5547.936)	/	16245.709
	=	0.45

Precious Shipping PCL's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1097.72	+	5541.432)	/	15936.876
	=	0.42

Precious Shipping PCL (BKK:PSL) 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.

Precious Shipping PCL Debt-to-Equity Related Terms

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Precious Shipping PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (BKK:PSL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PSL-R:Thailand

Address

No. 8 North Sathorn Road, G, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.