Socep (LTS:0OCN) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is Socep Debt-to-Equity?

Socep's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was lei20.1 Mil. Socep's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was lei195.7 Mil. Socep's Total Stockholders Equity for the quarter that ended in Dec. 2023 was lei378.1 Mil. Socep's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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

LTS:0OCN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.75 Max: 1.23
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Socep was 1.23. The lowest was 0.14. And the median was 0.75.

LTS:0OCN's Debt-to-Equity is ranked worse than
50.45% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs LTS:0OCN: 0.57

Socep Debt-to-Equity Historical Data

The historical data trend for Socep'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.

Socep Debt-to-Equity Chart

Socep Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

1.03

1.23

1.11

0.57

Socep 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															1.11	1.05	0.94	0.87	0.57

Competitive Comparison of Socep's Debt-to-Equity

For the Marine Shipping subindustry, Socep'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.

Socep's Debt-to-Equity Distribution in the Transportation Industry

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

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

Socep Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Socep'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
	=	(20.14	+	195.699)	/	378.059
	=	0.57

Socep'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
	=	(20.14	+	195.699)	/	378.059
	=	0.57

Socep (LTS:0OCN) 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.

Socep Debt-to-Equity Related Terms

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

Socep (LTS:0OCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Socep SA (LTS:0OCN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOCP:Romania

Address

Incinta Port, Dana No. 34, Constanta, ROU

Website

https://www.socep.ro

Socep SA is a port operator. The company activity structured on two business lines namely Container Terminal and General cargo terminal. The company reports in the following two segments Port operation activity and Holding activity. In the Container Terminal the company offers services like storage/ operating containers, storage, and monitoring reefer containers, stripping/ stuffing services, and in the general cargo terminal it includes services like transportation of Cereals, Fertilizers, Steel products, Metallurgical products, Wood products, Paper, Timer, packaged product, and Large goods.

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