International Seaways Inc (INSW)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,856,050 | 1,716,760 | 1,487,750 | 1,133,690 | 972,042 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,856,050K
= 0.00
International Seaways Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This ratio indicates that the company has not utilized debt financing in relation to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is primarily using equity to finance its operations, indicating a lower financial risk as there is no debt burden to service. However, it's essential to consider the industry norms and the company's specific circumstances to fully evaluate the implications of such a ratio.
Peer comparison
Dec 31, 2024