Nearly out of debt was a bit aggressive for me to say; however, they are within normal debt/equity margins for their industry.
Last year global averages were 5% to 34% debt/equity per quarter for shipping and logistics. They may be on their way to exiting the toxic dilution cycle. Only time will tell...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.