Steamships Trading Balance Sheet Health
Financial Health criteria checks 5/6
Steamships Trading has a total shareholder equity of PGK1.1B and total debt of PGK420.2M, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are PGK1.7B and PGK632.1M respectively. Steamships Trading's EBIT is PGK78.8M making its interest coverage ratio 47.7. It has cash and short-term investments of PGK28.8M.
Key information
39.3%
Debt to equity ratio
K420.22m
Debt
| Interest coverage ratio | 47.7x |
| Cash | K28.80m |
| Equity | K1.07b |
| Total liabilities | K632.11m |
| Total assets | K1.70b |
Recent financial health updates
Steamships Trading (ASX:SST) Has A Rock Solid Balance Sheet
Jul 01
Does Steamships Trading (ASX:SST) Have A Healthy Balance Sheet?
Mar 26Recent updates
Subdued Growth No Barrier To Steamships Trading Company Limited's (ASX:SST) Price
Apr 18Steamships Trading (ASX:SST) Has A Rock Solid Balance Sheet
Jul 01Steamships Trading's (ASX:SST) Returns On Capital Are Heading Higher
Mar 01Do Steamships Trading's (ASX:SST) Earnings Warrant Your Attention?
Dec 16Here's Why I Think Steamships Trading (ASX:SST) Is An Interesting Stock
May 12We Think That There Are Some Issues For Steamships Trading (ASX:SST) Beyond Its Promising Earnings
Apr 07Does Steamships Trading (ASX:SST) Have A Healthy Balance Sheet?
Mar 26Can Steamships Trading (ASX:SST) Turn Things Around?
Feb 19
What Type Of Returns Would Steamships Trading's(ASX:SST) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Jan 15Is Steamships Trading Company Limited's (ASX:SST) Recent Performancer Underpinned By Weak Financials?
Dec 07Financial Position Analysis
Short Term Liabilities: SST's short term assets (PGK258.2M) exceed its short term liabilities (PGK152.3M).
Long Term Liabilities: SST's short term assets (PGK258.2M) do not cover its long term liabilities (PGK479.8M).
Debt to Equity History and Analysis
Debt Level: SST's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: SST's debt to equity ratio has reduced from 39.7% to 39.3% over the past 5 years.
Debt Coverage: SST's debt is well covered by operating cash flow (24.6%).
Interest Coverage: SST's interest payments on its debt are well covered by EBIT (47.7x coverage).