Globus Maritime (Globus Maritime) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Globus Maritime Debt-to-Equity?

Globus Maritime's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.69 Mil. Globus Maritime's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $45.76 Mil. Globus Maritime's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $175.97 Mil. Globus Maritime's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

GLBS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.92 Max: 3.89
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Globus Maritime was 3.89. The lowest was 0.22. And the median was 0.92.

GLBS's Debt-to-Equity is ranked better than
68.44% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs GLBS: 0.30

Globus Maritime Debt-to-Equity Historical Data

The historical data trend for Globus Maritime's Debt-to-Equity 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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Globus Maritime Debt-to-Equity Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.89

0.88

0.22

0.26

0.30

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.25	0.22	0.31	0.30

Competitive Comparison of Globus Maritime's Debt-to-Equity

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

Globus Maritime's Debt-to-Equity Distribution in the Transportation Industry

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

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

Globus Maritime Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.688	+	45.759)	/	175.97
	=	0.30

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.688	+	45.759)	/	175.97
	=	0.30

Globus Maritime (NAS:GLBS) Debt-to-Equity Explanation

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Globus Maritime Debt-to-Equity Related Terms

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.