Ocean Sky International (SGX:1B6) Debt-to-Equity : 0.50 (As of Dec. 2023)

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What is Ocean Sky International Debt-to-Equity?

Ocean Sky International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$2.06 Mil. Ocean Sky International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$18.06 Mil. Ocean Sky International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$40.51 Mil. Ocean Sky International's debt to equity for the quarter that ended in Dec. 2023 was 0.50.

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

SGX:1B6' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.28 Max: 0.62
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Ocean Sky International was 0.62. The lowest was 0.00. And the median was 0.28.

SGX:1B6's Debt-to-Equity is ranked worse than
53.39% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs SGX:1B6: 0.50

Ocean Sky International Debt-to-Equity Historical Data

The historical data trend for Ocean Sky International'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.

Ocean Sky International Debt-to-Equity Chart

Ocean Sky International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.62

0.56

0.52

0.50

Ocean Sky International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.53	0.52	0.49	0.50

Competitive Comparison of Ocean Sky International's Debt-to-Equity

For the Engineering & Construction subindustry, Ocean Sky International'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.

Ocean Sky International's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ocean Sky International's Debt-to-Equity distribution charts can be found below:

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

Ocean Sky International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ocean Sky International'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
	=	(2.059	+	18.063)	/	40.506
	=	0.50

Ocean Sky International'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
	=	(2.059	+	18.063)	/	40.506
	=	0.50

Ocean Sky International (SGX:1B6) 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.

Ocean Sky International Debt-to-Equity Related Terms

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

Ocean Sky International (SGX:1B6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Sky International Ltd (SGX:1B6) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

O3S1:Germany

Address

29 Tuas South Street 1, Singapore, SGP, 638036

Website

https://www.oceanskyintl.com

Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.

Ocean Sky International (SGX:1B6) Headlines

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