Belships ASA (OSL:BELCO) Debt-to-Equity : 2.02 (As of Mar. 2024)

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What is Belships ASA Debt-to-Equity?

Belships ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr272 Mil. Belships ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr5,486 Mil. Belships ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr2,857 Mil. Belships ASA's debt to equity for the quarter that ended in Mar. 2024 was 2.02.

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 Belships ASA's Debt-to-Equity or its related term are showing as below:

OSL:BELCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.96 Max: 4.77
Current: 2.02

During the past 13 years, the highest Debt-to-Equity Ratio of Belships ASA was 4.77. The lowest was 0.71. And the median was 1.96.

OSL:BELCO's Debt-to-Equity is ranked worse than
86.62% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs OSL:BELCO: 2.02

Belships ASA Debt-to-Equity Historical Data

The historical data trend for Belships ASA'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.

* Premium members only.

Belships ASA Debt-to-Equity Chart

Belships ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.44

1.96

1.81

2.35

2.08

Belships ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.33	2.19	2.11	2.08	2.02

Competitive Comparison of Belships ASA's Debt-to-Equity

For the Marine Shipping subindustry, Belships ASA'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.

Belships ASA's Debt-to-Equity Distribution in the Transportation Industry

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

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

Belships ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Belships ASA'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
	=	(282.038	+	5661.525)	/	2855.417
	=	2.08

Belships ASA's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(272.306	+	5485.639)	/	2856.777
	=	2.02

Belships ASA (OSL:BELCO) 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.

Belships ASA Debt-to-Equity Related Terms

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

Belships ASA (OSL:BELCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Belships ASA (OSL:BELCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BELO:Sweden NS6:Germany

Address

Lilleakerveien 6D, 7th floor, Oslo, NOR, N-0283

Website

https://www.belships.com

Belships ASA is a fully integrated owner and operator of dry bulk ships. The company also provides commercial and technical ship management services. The Group is divided into the operating segments of dry bulk and technical management. The dry bulk segment is further divided into 2 reportable segments: own ships (owned or leased) and ships operating in the spot market and operation/commercial management. The operating segments have worldwide activities. Shipping, in general, offers a global service covering major global trade routes.

Belships ASA (OSL:BELCO) Headlines

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