Caravelle International Group (Caravelle International Group) Debt-to-Equity : 0.85 (As of Apr. 2023)

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What is Caravelle International Group Debt-to-Equity?

Caravelle International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.3 Mil. Caravelle International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $2.5 Mil. Caravelle International Group's Total Stockholders Equity for the quarter that ended in Apr. 2023 was $3.3 Mil. Caravelle International Group's debt to equity for the quarter that ended in Apr. 2023 was 0.85.

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 Caravelle International Group's Debt-to-Equity or its related term are showing as below:

CACO' s Debt-to-Equity Range Over the Past 10 Years
Min: -2 Med: 0.85 Max: 18.51
Current: 0.85

During the past 3 years, the highest Debt-to-Equity Ratio of Caravelle International Group was 18.51. The lowest was -2.00. And the median was 0.85.

CACO's Debt-to-Equity is ranked worse than
63.27% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs CACO: 0.85

Caravelle International Group Debt-to-Equity Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group Debt-to-Equity Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Debt-to-Equity

-2.00

18.51

1.24

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	18.51	0.58	1.24	0.85

Competitive Comparison of Caravelle International Group's Debt-to-Equity

For the Marine Shipping subindustry, Caravelle International Group'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.

Caravelle International Group's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Caravelle International Group's Debt-to-Equity falls into.

Caravelle International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caravelle International Group's Debt to Equity Ratio for the fiscal year that ended in Oct. 2022 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
	=	(3.252	+	2.367)	/	4.534
	=	1.24

Caravelle International Group's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(0.291	+	2.491)	/	3.272
	=	0.85

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group Debt-to-Equity Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.