PRGNF (Paragon Shipping) Debt-to-Equity: -0.89 (As of Dec. 2016)

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What is Paragon Shipping Debt-to-Equity?

Paragon Shipping PRGNF -99.00% Debt-to-Equity is -0.89 as of Dec. 2016.

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:

PRGNF's Debt-to-Equity is not ranked *
in the Transportation industry.
Industry Median: 0.54
* Ranked among companies with meaningful Debt-to-Equity only.

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.

Paragon Shipping Debt-to-Equity Related Terms

Paragon Shipping Debt-to-Equity Historical Data

* Premium members only.

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 Debt-to-Equity Chart

Paragon Shipping Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 1.11 1.23 -2.15 -0.89

PRGNF vs CTRM, GLBS, TOPS: Debt-to-Equity Comparison

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.

Paragon Shipping Debt-to-Equity vs Transportation Industry

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.


Paragon Shipping Debt-to-Equity Calculation

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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.89 mean?
Paragon Shipping (PRGNF) has a Debt-to-Equity of -0.89 as of Dec. 2016. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Paragon Shipping and its competitors.
Is Paragon Shipping's Debt-to-Equity too high?
Paragon Shipping's current Debt-to-Equity is -0.89.
How does Paragon Shipping's Debt-to-Equity compare to CTRM and GLBS?
Paragon Shipping's Debt-to-Equity of -0.89 can be compared against companies in the Transportation industry. The industry median Debt-to-Equity is 0.54. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.54, based on 909 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Paragon Shipping and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paragon Shipping's current Debt-to-Equity is -0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Shipping stock overvalued right now?
Paragon Shipping (PRGNF) has a current Debt-to-Equity of -0.89. The current Debt-to-Equity is -0.89. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Paragon Shipping (PRGNF), the current Debt-to-Equity is -0.89 as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Paragon Shipping Business Description

Address 15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.