Himalaya Shipping (OSTO:HSHIPO) Debt-to-Equity : 4.49 (As of Sep. 2024)

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What is Himalaya Shipping Debt-to-Equity?

Himalaya Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr254 Mil. Himalaya Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr7,392 Mil. Himalaya Shipping's Total Stockholders Equity for the quarter that ended in Sep. 2024 was kr1,701 Mil. Himalaya Shipping's debt to equity for the quarter that ended in Sep. 2024 was 4.49.

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

OSTO:HSHIPO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 3.02 Max: 4.61
Current: 4.49

During the past 3 years, the highest Debt-to-Equity Ratio of Himalaya Shipping was 4.61. The lowest was 0.32. And the median was 3.02.

OSTO:HSHIPO's Debt-to-Equity is ranked worse than
96.02% of 880 companies
in the Transportation industry
Industry Median: 0.535 vs OSTO:HSHIPO: 4.49

Himalaya Shipping Debt-to-Equity Historical Data

The historical data trend for Himalaya 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.

Himalaya Shipping Debt-to-Equity Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.75

2.85

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial							3.18	2.85	3.76	4.61	4.49

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

For the Marine Shipping subindustry, Himalaya 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.

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

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

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

Himalaya Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Himalaya 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
	=	(208.825	+	4427.594)	/	1626.77
	=	2.85

Himalaya Shipping's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(253.689	+	7391.619)	/	1701.305
	=	4.49

Himalaya Shipping (OSTO:HSHIPO) 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.

Himalaya Shipping Debt-to-Equity Related Terms

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

Himalaya Shipping Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » Debt-to-Equity

Traded in Other Exchanges

HSHP:USA HSHP:Norway J1X:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S E Pearman Building, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

Himalaya Shipping Headlines

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