Mooreast Holdings (SGX:1V3) Debt-to-Equity : 1.62 (As of Jun. 2023)

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What is Mooreast Holdings Debt-to-Equity?

Mooreast Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$2.09 Mil. Mooreast Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was S$39.18 Mil. Mooreast Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was S$25.47 Mil. Mooreast Holdings's debt to equity for the quarter that ended in Jun. 2023 was 1.62.

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 Mooreast Holdings's Debt-to-Equity or its related term are showing as below:

SGX:1V3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 1.81 Max: 1.99
Current: 1.62

During the past 3 years, the highest Debt-to-Equity Ratio of Mooreast Holdings was 1.99. The lowest was 0.07. And the median was 1.81.

SGX:1V3's Debt-to-Equity is ranked worse than
87.69% of 260 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs SGX:1V3: 1.62

Mooreast Holdings Debt-to-Equity Historical Data

The historical data trend for Mooreast Holdings'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.

Mooreast Holdings Debt-to-Equity Chart

Mooreast Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.07

1.99

1.81

Mooreast Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	1.99	1.98	1.81	1.62

Competitive Comparison of Mooreast Holdings's Debt-to-Equity

For the Aerospace & Defense subindustry, Mooreast Holdings'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.

Mooreast Holdings's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mooreast Holdings's Debt-to-Equity distribution charts can be found below:

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

Mooreast Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mooreast Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.944	+	39.992)	/	23.229
	=	1.81

Mooreast Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(2.092	+	39.176)	/	25.47
	=	1.62

Mooreast Holdings (SGX:1V3) 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.

Mooreast Holdings Debt-to-Equity Related Terms

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Mooreast Holdings (SGX:1V3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mooreast Holdings Ltd (SGX:1V3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shipyard Road, Mooreast Offshore Base, Singapore, SGP, 628139

Website

https://www.mooreast.com

Mooreast Holdings Ltd is a total mooring solutions specialist, serving the offshore oil and gas, marine and offshore renewable energy industries. With strong in-house capabilities in design, engineering and fabrication, the company offers a full range of mooring solutions including the design, engineering, fabrication, supply, mobilisation and logistics, installation and commissioning services for mooring systems and mooring system components as well as the provision of rigging and heavy lifting equipment.

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