Performance Shipping (Performance Shipping) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Performance Shipping Debt-to-Equity?

Performance Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.5 Mil. Performance Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $47.5 Mil. Performance Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $233.2 Mil. Performance Shipping's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Performance Shipping's Debt-to-Equity or its related term are showing as below:

PSHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.6 Max: 1.9
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Performance Shipping was 1.90. The lowest was 0.24. And the median was 0.60.

PSHG's Debt-to-Equity is ranked better than
74.15% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs PSHG: 0.24

Performance Shipping Debt-to-Equity Historical Data

The historical data trend for Performance Shipping'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.

Performance Shipping Debt-to-Equity Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.60

0.57

0.82

0.24

Performance Shipping 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															0.82	0.68	0.60	0.56	0.24

Competitive Comparison of Performance Shipping's Debt-to-Equity

For the Marine Shipping subindustry, Performance Shipping'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.

Performance Shipping's Debt-to-Equity Distribution in the Transportation Industry

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

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

Performance Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Performance Shipping'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
	=	(7.493	+	47.492)	/	233.184
	=	0.24

Performance Shipping'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
	=	(7.493	+	47.492)	/	233.184
	=	0.24

Performance Shipping (NAS:PSHG) 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.

Performance Shipping Debt-to-Equity Related Terms

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

Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447