Singapore Shipping (SGX:S19) Debt-to-Equity : 0.27 (As of Sep. 2023)

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What is Singapore Shipping Debt-to-Equity?

Singapore Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$7.53 Mil. Singapore Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was S$36.21 Mil. Singapore Shipping's Total Stockholders Equity for the quarter that ended in Sep. 2023 was S$163.06 Mil. Singapore Shipping's debt to equity for the quarter that ended in Sep. 2023 was 0.27.

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

SGX:S19' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.65 Max: 1.62
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Singapore Shipping was 1.62. The lowest was 0.27. And the median was 0.65.

SGX:S19's Debt-to-Equity is ranked better than
71.32% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs SGX:S19: 0.27

Singapore Shipping Debt-to-Equity Historical Data

The historical data trend for Singapore 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.

Singapore Shipping Debt-to-Equity Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.68

0.63

0.49

0.38

0.30

Singapore Shipping Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.38	0.34	0.30	0.27

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

For the Marine Shipping subindustry, Singapore 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.

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

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

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

Singapore Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Singapore Shipping's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(7.595	+	39.199)	/	157.926
	=	0.30

Singapore Shipping's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.528	+	36.209)	/	163.058
	=	0.27

Singapore Shipping (SGX:S19) 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.

Singapore Shipping Debt-to-Equity Related Terms

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

Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

Singapore Shipping (SGX:S19) Headlines

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