Chowgule Steamships (BOM:501833) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Chowgule Steamships Debt-to-Equity?

Chowgule Steamships's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Chowgule Steamships's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Chowgule Steamships's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.00 Mil.

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 Chowgule Steamships's Debt-to-Equity or its related term are showing as below:

BOM:501833' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.15 Med: -0.26 Max: 6.05
Current: -0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Chowgule Steamships was 6.05. The lowest was -2.15. And the median was -0.26.

BOM:501833's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.56 vs BOM:501833: -0.22

Chowgule Steamships Debt-to-Equity Historical Data

The historical data trend for Chowgule Steamships'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.

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Chowgule Steamships Debt-to-Equity Chart

Chowgule Steamships Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-2.15

-0.65

-0.59

-0.27

-0.20

Chowgule Steamships 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															N/A	-0.20	N/A	-0.22	N/A

Competitive Comparison of Chowgule Steamships's Debt-to-Equity

For the Marine Shipping subindustry, Chowgule Steamships'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.

Chowgule Steamships's Debt-to-Equity Distribution in the Transportation Industry

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

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

Chowgule Steamships Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chowgule Steamships'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
	=	(124.512	+	0)	/	-611.423
	=	-0.20

Chowgule Steamships'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)	/	0
	=	N/A

Chowgule Steamships (BOM:501833) 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.

Chowgule Steamships Debt-to-Equity Related Terms

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Chowgule Steamships (BOM:501833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chowgule Steamships Ltd (BOM:501833) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Ram Maruti Road, 9 Mansi, 401, 4th floor, Cross lane no. 1, Near Tilak Garden, Thane, Mumbai, MH, IND, 400 602

Website

https://www.chowgulesteamships.co.in

Chowgule Steamships Ltd is an Indian-based shipping company. The company owns and operates a fleet of vessels for seaborne transportation of bulk cargoes. It has a single operating segment which is Shipping. Geographically, it derives the majority of its revenue from Outside India. The company generates revenue from Charter hire earnings, demurrage, and freight earnings.

Chowgule Steamships (BOM:501833) Headlines

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