Euroseas (NAS:ESEA) Debt-to-Asset

: 0.33 (As of Mar. 2023)

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Euroseas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $50.5 Mil. Euroseas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $69.6 Mil. Euroseas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was $361.1 Mil. Euroseas's debt to asset for the quarter that ended in Mar. 2023 was 0.33.

Euroseas Debt-to-Asset Historical Data

The historical data trend for Euroseas's Debt-to-Asset 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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Euroseas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.55

0.71

0.63

0.53

0.33

Euroseas Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset																0.46	0.36	0.36	0.33	0.33

Competitive Comparison

For the Marine Shipping subindustry, Euroseas's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Annual Data Quarterly Data

Euroseas Debt-to-Asset Distribution

For the Transportation industry and Industrials sector, Euroseas's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Euroseas's Debt-to-Asset falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Asset's extreme value range as defined by GuruFocus.

Euroseas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Euroseas's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(55.42	+	51.812)	/	328.59
	=	0.33

Euroseas's Debt-to-Asset for the quarter that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(50.525	+	69.593)	/	361.053
	=	0.33

Euroseas (NAS:ESEA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Euroseas Debt-to-Asset Related Terms

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

Euroseas (NAS:ESEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (NAS:ESEA) » Definitions » Debt-to-Asset

Traded in Other Exchanges

2LE1:Germany

Address

4 Messogiou and Evropis Street, Maroussi, GRC, 151 24

Website

http://www.euroseas.gr

Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.