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Paragon Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $16.58 Mil. Paragon Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.00 Mil. Paragon Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2016 was $-18.58 Mil. Paragon Shipping's debt to equity for the quarter that ended in Dec. 2016 was -0.89.
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 Paragon Shipping's Debt-to-Equity or its related term are showing as below:
The historical data trend for Paragon 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.
Paragon Shipping Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.91 | 0.77 | 1.02 | -2.15 | -0.89 |
Paragon Shipping Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Dec16 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.04 | 1.11 | 1.23 | -2.15 | -0.89 |
For the Marine Shipping subindustry, Paragon 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.
For the Transportation industry and Industrials sector, Paragon Shipping's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Paragon Shipping's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Paragon Shipping's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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 | |
= | (16.575 | + | 0) | / | -18.584 | |
= | -0.89 |
Paragon Shipping's Debt to Equity Ratio for the quarter that ended in Dec. 2016 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 | |
= | (16.575 | + | 0) | / | -18.584 | |
= | -0.89 |
* 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.
Paragon Shipping (OTCPK:PRGNF) 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.
Thank you for viewing the detailed overview of Paragon Shipping's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
From GuruFocus
By alexs85 alexs85 • 03-21-2012
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