Diana Shipping (Diana Shipping) Debt-to-EBITDA : 6.68 (As of Dec. 2023)

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What is Diana Shipping Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Diana Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $49.5 Mil. Diana Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $461.1 Mil. Diana Shipping's annualized EBITDA for the quarter that ended in Dec. 2023 was $76.4 Mil. Diana Shipping's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 6.68.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Diana Shipping's Debt-to-EBITDA or its related term are showing as below:

DSX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -197.41 Med: 1.2 Max: 27.25
Current: 5.32

During the past 13 years, the highest Debt-to-EBITDA Ratio of Diana Shipping was 27.25. The lowest was -197.41. And the median was 1.20.

DSX's Debt-to-EBITDA is ranked worse than
74.29% of 848 companies
in the Transportation industry
Industry Median: 2.845 vs DSX: 5.32

Diana Shipping Debt-to-EBITDA Historical Data

The historical data trend for Diana Shipping's Debt-to-EBITDA 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.

Diana Shipping Debt-to-EBITDA Chart

Diana Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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27.25

-3.69

5.61

3.63

5.31

Diana Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															3.99	4.59	5.99	8.13	6.68

Competitive Comparison of Diana Shipping's Debt-to-EBITDA

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

Diana Shipping's Debt-to-EBITDA Distribution in the Transportation Industry

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

* The bar in red indicates where Diana Shipping's Debt-to-EBITDA falls into.

Diana Shipping Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Diana Shipping's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(49.512	+	461.131)	/	96.247
	=	5.31

Diana Shipping's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(49.512	+	461.131)	/	76.408
	=	6.68

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Diana Shipping (NYSE:DSX) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Diana Shipping Debt-to-EBITDA Related Terms

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

Diana Shipping (Diana Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diana Shipping Inc (NYSE:DSX) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

DSXpB.PFD:USA DSZ:Germany

Address

175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64

Website

https://www.dianashippinginc.com

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.