Essar Shipping (BOM:533704) Debt-to-Equity : -0.94 (As of Mar. 2024)

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What is Essar Shipping Debt-to-Equity?

Essar Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹20,192.4 Mil. Essar Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹6,227.4 Mil. Essar Shipping's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹-28,073.1 Mil. Essar Shipping's debt to equity for the quarter that ended in Mar. 2024 was -0.94.

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

BOM:533704' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.5 Med: -0.87 Max: 3.37
Current: -0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Essar Shipping was 3.37. The lowest was -2.50. And the median was -0.87.

BOM:533704's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.55 vs BOM:533704: -0.94

Essar Shipping Debt-to-Equity Historical Data

The historical data trend for Essar Shipping'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.

Essar Shipping Debt-to-Equity Chart

Essar Shipping Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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-1.10

-0.95

-0.80

-0.99

-0.94

Essar Shipping 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															-0.99	N/A	-0.98	N/A	-0.94

Competitive Comparison of Essar Shipping's Debt-to-Equity

For the Marine Shipping subindustry, Essar Shipping'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.

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

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

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

Essar Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Essar Shipping's Debt to Equity Ratio for the fiscal year 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
	=	(20192.4	+	6227.4)	/	-28073.1
	=	-0.94

Essar Shipping'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
	=	(20192.4	+	6227.4)	/	-28073.1
	=	-0.94

Essar Shipping (BOM:533704) 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.

Essar Shipping Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Essar Shipping's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Essar Shipping (BOM:533704) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Essar Shipping Ltd (BOM:533704) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ESSARSHPNG:India

Address

11, K.K. Marg, Essar House, Mahalaxmi, Mumbai, MH, IND, 400 034

Website

https://www.essar.com

Essar Shipping Ltd is engaged in fleet operating and chartering and operates in international and coastal voyages. The company is diversified across various sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals and Mining, and Services (Shipping, IT and Retail businesses). It also provides oilfield drilling services. The oilfields services business provides contract drilling services to oil and gas companies across the globe. The company generates maximum revenue from fleet operating and chartering segment.

Essar Shipping (BOM:533704) Headlines

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