Globe International Carriers (NSE:GICL) Debt-to-Equity : 0.77 (As of Mar. 2022)

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What is Globe International Carriers Debt-to-Equity?

Globe International Carriers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹158 Mil. Globe International Carriers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was ₹44 Mil. Globe International Carriers's Total Stockholders Equity for the quarter that ended in Mar. 2022 was ₹263 Mil. Globe International Carriers's debt to equity for the quarter that ended in Mar. 2022 was 0.77.

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 Globe International Carriers's Debt-to-Equity or its related term are showing as below:

NSE:GICL's Debt-to-Equity is not ranked ^*
in the Transportation industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

Globe International Carriers Debt-to-Equity Historical Data

The historical data trend for Globe International Carriers'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.

Globe International Carriers Debt-to-Equity Chart

Globe International Carriers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.90

0.84

0.73

0.77

0.71

Globe International Carriers Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial													0.80	0.73	0.75	0.77	0.71

Competitive Comparison of Globe International Carriers's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Globe International Carriers'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.

Globe International Carriers's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Globe International Carriers's Debt-to-Equity falls into.

Globe International Carriers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Globe International Carriers's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(170.878	+	29.853)	/	282.529
	=	0.71

Globe International Carriers's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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
	=	(158.04	+	43.804)	/	263.285
	=	0.77

Globe International Carriers (NSE:GICL) 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.

Globe International Carriers Debt-to-Equity Related Terms

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

Globe International Carriers (NSE:GICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globe International Carriers Ltd (NSE:GICL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mayank Trade Centre, Station Road, 301 - 306, Prakash deep Complex, Jaipur, RJ, IND, 302006

Website

http://www.gicl.co

Globe International Carriers Ltd is an Indian company engaged in the business of providing services for transportation as a Goods Transport Agency. Its services include supply chain management, customs clearance, bulk transportation, transportation of all types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four-wheeler vehicles, as well as packing and unpacking services of goods. The company provides services within India.

Globe International Carriers (NSE:GICL) Headlines

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