Euronav Balance Sheet Health
Financial Health criteria checks 3/6
Euronav has a total shareholder equity of $1.9B and total debt of $1.6B, which brings its debt-to-equity ratio to 81.3%. Its total assets and total liabilities are $3.7B and $1.8B respectively. Euronav's EBIT is $519.5M making its interest coverage ratio 5.4. It has cash and short-term investments of $508.9M.
Key information
81.3%
Debt to equity ratio
US$1.58b
Debt
Interest coverage ratio | 5.4x |
Cash | US$508.85m |
Equity | US$1.94b |
Total liabilities | US$1.80b |
Total assets | US$3.74b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: EURN's short term assets ($925.2M) exceed its short term liabilities ($634.0M).
Long Term Liabilities: EURN's short term assets ($925.2M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: EURN's net debt to equity ratio (55%) is considered high.
Reducing Debt: EURN's debt to equity ratio has increased from 74% to 81.3% over the past 5 years.
Debt Coverage: EURN's debt is well covered by operating cash flow (54.6%).
Interest Coverage: EURN's interest payments on its debt are well covered by EBIT (5.4x coverage).