International Seaways Inc (INSW)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,636,400 | 2,587,850 | 2,674,670 | 2,551,420 | 2,521,820 | 2,561,020 | 2,655,660 | 2,571,530 | 2,615,330 | 2,459,900 | 2,364,240 | 2,366,590 | 2,346,780 | 2,441,830 | 1,878,650 | 1,552,050 | 1,586,540 | 1,712,310 | 1,758,960 | 1,740,730 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,636,400K
= 0.00
The debt-to-assets ratio of International Seaways Inc has consistently been 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity rather than debt. This can be viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability. However, it's important to note that a very low debt-to-assets ratio may also indicate a missed opportunity to benefit from the tax advantages of debt financing or potentially limit the company's growth opportunities.
Peer comparison
Dec 31, 2024