Israel Shipyards Industries (XTAE:ISHI) Debt-to-Equity : 0.46 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Israel Shipyards Industries Debt-to-Equity?

Israel Shipyards Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪198 Mil. Israel Shipyards Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪225 Mil. Israel Shipyards Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪927 Mil. Israel Shipyards Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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 Israel Shipyards Industries's Debt-to-Equity or its related term are showing as below:

XTAE:ISHI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.43 Max: 0.63
Current: 0.46

During the past 7 years, the highest Debt-to-Equity Ratio of Israel Shipyards Industries was 0.63. The lowest was 0.30. And the median was 0.43.

XTAE:ISHI's Debt-to-Equity is ranked worse than
54.26% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.415 vs XTAE:ISHI: 0.46

Israel Shipyards Industries Debt-to-Equity Historical Data

The historical data trend for Israel Shipyards Industries'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.

Israel Shipyards Industries Debt-to-Equity Chart

Israel Shipyards Industries Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.63

0.30

0.40

0.46

Israel Shipyards Industries 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															0.40	0.40	0.39	0.41	0.46

Competitive Comparison of Israel Shipyards Industries's Debt-to-Equity

For the Aerospace & Defense subindustry, Israel Shipyards Industries'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.

Israel Shipyards Industries's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Israel Shipyards Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Israel Shipyards Industries's Debt-to-Equity falls into.

Israel Shipyards Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Israel Shipyards Industries'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
	=	(198.174	+	225.012)	/	927.198
	=	0.46

Israel Shipyards Industries'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
	=	(198.174	+	225.012)	/	927.198
	=	0.46

Israel Shipyards Industries (XTAE:ISHI) 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.

Israel Shipyards Industries Debt-to-Equity Related Terms

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

Israel Shipyards Industries (XTAE:ISHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Israel Shipyards Industries Ltd (XTAE:ISHI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haifa Bay, P.O.B. 10630, Haifa, ISR, 2611702

Website

https://www.israel-shipyards.com

Israel Shipyards Industries Ltd is a ship building company. The company designs, renovates, and repairs ships and vessels. The product portfolio includes Fast-Attack Vessel, Patrol Vessel, Fast Patrol Craft, Merchant ships, Floating docks, Tugs, Service boats, and other products. Also, the company manufactures Pressure Vessels, Panamax Container Cranes, and Industrial Large Pressure Vessels.