Seanergy Maritime Holdings (STU:RHS) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is Seanergy Maritime Holdings 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. Seanergy Maritime Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Seanergy Maritime Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Dec. 2023 (0.38). It may suggest that Seanergy Maritime Holdings is progressively becoming less dependent on debt to grow their business.

Seanergy Maritime Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seanergy Maritime Holdings'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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Seanergy Maritime Holdings LT-Debt-to-Total-Asset Chart

Seanergy Maritime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.56

0.32

0.38

Seanergy Maritime Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.48	0.42	0.41	0.38

Seanergy Maritime Holdings LT-Debt-to-Total-Asset Calculation

Seanergy Maritime Holdings'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 )
	=	164.427	/	438.213
	=	0.38

Seanergy Maritime Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	164.427	/	438.213
	=	0.38

Seanergy Maritime Holdings (STU:RHS) 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.

Seanergy Maritime Holdings LT-Debt-to-Total-Asset Related Terms

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Seanergy Maritime Holdings (STU:RHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seanergy Maritime Holdings Corp (STU:RHS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SHIP:USA RHS:Germany

Address

154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74

Website

https://www.seanergymaritime.com

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.