Gram Car Carriers ASA (OSTO:GCCO) Debt-to-Equity : 0.90 (As of Mar. 2024)

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What is Gram Car Carriers ASA Debt-to-Equity?

Gram Car Carriers ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr498 Mil. Gram Car Carriers ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr2,318 Mil. Gram Car Carriers ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr3,122 Mil. Gram Car Carriers ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.90.

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 Gram Car Carriers ASA's Debt-to-Equity or its related term are showing as below:

OSTO:GCCo' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.33 Max: 6.17
Current: 0.9

During the past 3 years, the highest Debt-to-Equity Ratio of Gram Car Carriers ASA was 6.17. The lowest was 0.90. And the median was 1.33.

OSTO:GCCo's Debt-to-Equity is ranked worse than
65.19% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs OSTO:GCCo: 0.90

Gram Car Carriers ASA Debt-to-Equity Historical Data

The historical data trend for Gram Car Carriers ASA'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.

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Gram Car Carriers ASA Debt-to-Equity Chart

Gram Car Carriers ASA Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

6.17

1.39

1.02

Gram Car Carriers ASA Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								1.27	1.19	1.18	1.02	0.90

Competitive Comparison of Gram Car Carriers ASA's Debt-to-Equity

For the Marine Shipping subindustry, Gram Car Carriers ASA'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.

Gram Car Carriers ASA's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Gram Car Carriers ASA's Debt-to-Equity falls into.

Gram Car Carriers ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gram Car Carriers ASA'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
	=	(465.587	+	2671.815)	/	3067.122
	=	1.02

Gram Car Carriers ASA'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
	=	(498.111	+	2317.746)	/	3121.581
	=	0.90

Gram Car Carriers ASA (OSTO:GCCo) 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.

Gram Car Carriers ASA Debt-to-Equity Related Terms

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Gram Car Carriers ASA (OSTO:GCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gram Car Carriers ASA (OSTO:GCCo) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GCC:Norway G39:Germany

Address

Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250

Website

https://www.gramcar.com

Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

Gram Car Carriers ASA (OSTO:GCCO) Headlines

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