Scorpio Tankers Balance Sheet Health
Financial Health criteria checks 5/6
Scorpio Tankers has a total shareholder equity of $2.6B and total debt of $1.2B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are $4.2B and $1.7B respectively. Scorpio Tankers's EBIT is $703.6M making its interest coverage ratio 4.8. It has cash and short-term investments of $355.6M.
Key information
45.4%
Debt to equity ratio
US$1.16b
Debt
Interest coverage ratio | 4.8x |
Cash | US$355.55m |
Equity | US$2.55b |
Total liabilities | US$1.67b |
Total assets | US$4.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S0QA's short term assets ($577.1M) exceed its short term liabilities ($510.4M).
Long Term Liabilities: S0QA's short term assets ($577.1M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: S0QA's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: S0QA's debt to equity ratio has reduced from 81% to 45.4% over the past 5 years.
Debt Coverage: S0QA's debt is well covered by operating cash flow (74.6%).
Interest Coverage: S0QA's interest payments on its debt are well covered by EBIT (4.8x coverage).