Western Bulk Chartering AS (Western Bulk Chartering AS) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Western Bulk Chartering AS Debt-to-Equity?

Western Bulk Chartering AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Western Bulk Chartering AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Western Bulk Chartering AS's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $52 Mil. Western Bulk Chartering AS's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Western Bulk Chartering AS's Debt-to-Equity or its related term are showing as below:

WSSTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 1.25 Max: 1.3
Current: 0.25

During the past 6 years, the highest Debt-to-Equity Ratio of Western Bulk Chartering AS was 1.30. The lowest was 0.07. And the median was 1.25.

WSSTF's Debt-to-Equity is ranked better than
73.13% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs WSSTF: 0.25

Western Bulk Chartering AS Debt-to-Equity Historical Data

The historical data trend for Western Bulk Chartering AS'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.

Western Bulk Chartering AS Debt-to-Equity Chart

Western Bulk Chartering AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.21

0.07

Western Bulk Chartering AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.07	0.17	-	0.21	-

Competitive Comparison of Western Bulk Chartering AS's Debt-to-Equity

For the Marine Shipping subindustry, Western Bulk Chartering AS'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.

Western Bulk Chartering AS's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Western Bulk Chartering AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Western Bulk Chartering AS's Debt-to-Equity falls into.

Western Bulk Chartering AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Western Bulk Chartering AS'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
	=	(0	+	0)	/	52.484
	=	0.00

Western Bulk Chartering AS'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
	=	(0	+	0)	/	52.484
	=	0.00

Western Bulk Chartering AS (OTCPK:WSSTF) 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.

Western Bulk Chartering AS Debt-to-Equity Related Terms

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Western Bulk Chartering AS (Western Bulk Chartering AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Western Bulk Chartering AS (OTCPK:WSSTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WEST:Norway 7EJ:Germany

Address

Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230

Website

https://www.westernbulk.com

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodity includes coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

Western Bulk Chartering AS (Western Bulk Chartering AS) Headlines

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