Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meaningful to compare total debt amounts between companies that operate within the same sector.
DryShips Total Debt Assessment
Based on latest financial disclosure DryShips Inc has Total Debt of 5.3 B. This is 126.52% higher than that of Services sector, and 10.6% higher than that of Shipping industry, The Total Debt for all stocks is 22.06% higher than the company.
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DryShips Inc is rated # 3 in total debt category among related companies. Total debt of Shipping industry is currently estimated at about 32.87 Billion. DryShips retains roughly 5.3 Billion in total debt claiming about 16% of equities listed under Shipping industry.
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