Grindrod Shipping Holdings (Grindrod Shipping Holdings) Debt-to-Equity : 0.72 (As of Dec. 2023)

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What is Grindrod Shipping Holdings Debt-to-Equity?

Grindrod Shipping Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $51.0 Mil. Grindrod Shipping Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $125.0 Mil. Grindrod Shipping Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $246.1 Mil. Grindrod Shipping Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.72.

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

GRIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.72 Max: 1.55
Current: 0.72

During the past 9 years, the highest Debt-to-Equity Ratio of Grindrod Shipping Holdings was 1.55. The lowest was 0.26. And the median was 0.72.

GRIN's Debt-to-Equity is ranked worse than
58.73% of 882 companies
in the Transportation industry
Industry Median: 0.545 vs GRIN: 0.72

Grindrod Shipping Holdings Debt-to-Equity Historical Data

The historical data trend for Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings Debt-to-Equity Chart

Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.89

1.55

0.87

0.78

0.72

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	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															0.78	0.72	0.70	0.60	0.72

Competitive Comparison of Grindrod Shipping Holdings's Debt-to-Equity

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

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

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

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

Grindrod Shipping Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grindrod Shipping Holdings'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
	=	(51.01	+	125.012)	/	246.12
	=	0.72

Grindrod Shipping Holdings'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
	=	(51.01	+	125.012)	/	246.12
	=	0.72

Grindrod Shipping Holdings (NAS:GRIN) 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.

Grindrod Shipping Holdings Debt-to-Equity Related Terms

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Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599