Castor Maritime (Castor Maritime) Equity-to-Asset : 0.84 (As of Dec. 2023)

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What is Castor Maritime Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Castor Maritime's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $510.73 Mil. Castor Maritime's Total Assets for the quarter that ended in Dec. 2023 was $605.04 Mil. Therefore, Castor Maritime's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.84.

The historical rank and industry rank for Castor Maritime's Equity-to-Asset or its related term are showing as below:

CTRM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.74 Max: 0.99
Current: 0.84

During the past 7 years, the highest Equity to Asset Ratio of Castor Maritime was 0.99. The lowest was 0.43. And the median was 0.74.

CTRM's Equity-to-Asset is ranked better than
95.2% of 979 companies
in the Transportation industry
Industry Median: 0.49 vs CTRM: 0.84

Castor Maritime Equity-to-Asset Historical Data

The historical data trend for Castor Maritime's Equity-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.

* Premium members only.

Castor Maritime Equity-to-Asset Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.43

0.70

0.74

0.73

0.84

Castor Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.73	0.76	0.78	0.81	0.84

Competitive Comparison of Castor Maritime's Equity-to-Asset

For the Marine Shipping subindustry, Castor Maritime's Equity-to-Asset, along with its competitors' market caps and Equity-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.

Castor Maritime's Equity-to-Asset Distribution in the Transportation Industry

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

* The bar in red indicates where Castor Maritime's Equity-to-Asset falls into.

Castor Maritime Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Castor Maritime's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	510.73	/	605.042
	=	0.84

Castor Maritime's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	510.73	/	605.042
	=	0.84

Castor Maritime (NAS:CTRM) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Castor Maritime Equity-to-Asset Related Terms

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

Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.