Global Ship Lease (FRA:37H) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Global Ship Lease LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Global Ship Lease's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Global Ship Lease's long-term debt to total assets ratio declined from Sep. 2023 (0.30) to Sep. 2024 (0.24). It may suggest that Global Ship Lease is progressively becoming less dependent on debt to grow their business.

Global Ship Lease LT-Debt-to-Total-Asset Historical Data

The historical data trend for Global Ship Lease's LT-Debt-to-Total-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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Global Ship Lease LT-Debt-to-Total-Asset Chart

Global Ship Lease Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.60

0.54

0.44

0.35

0.29

Global Ship Lease Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.29	0.27	0.25	0.24

Global Ship Lease LT-Debt-to-Total-Asset Calculation

Global Ship Lease's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	567.783	/	1991.522
	=	0.29

Global Ship Lease's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	475.742	/	2016.443
	=	0.24

Global Ship Lease (FRA:37H) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Global Ship Lease LT-Debt-to-Total-Asset Related Terms

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Global Ship Lease Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Ship Lease Inc (FRA:37H) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GSLpB.PFD:USA GSL:USA 37H:Germany

Address

9 Irodou Attikou Street, Kifisia, Athens, GRC, SW1V 1LW

Website

https://www.globalshiplease.com

Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.

Global Ship Lease Headlines

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