Dynagas LNG Partners Balance Sheet Health
Financial Health criteria checks 3/6
Dynagas LNG Partners has a total shareholder equity of $430.6M and total debt of $454.4M, which brings its debt-to-equity ratio to 105.5%. Its total assets and total liabilities are $910.8M and $480.2M respectively. Dynagas LNG Partners's EBIT is $52.1M making its interest coverage ratio -19.4. It has cash and short-term investments of $52.9M.
Key information
105.5%
Debt to equity ratio
US$454.36m
Debt
Interest coverage ratio | -19.4x |
Cash | US$52.88m |
Equity | US$430.64m |
Total liabilities | US$480.18m |
Total assets | US$910.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DGL's short term assets ($85.3M) exceed its short term liabilities ($20.5M).
Long Term Liabilities: DGL's short term assets ($85.3M) do not cover its long term liabilities ($459.7M).
Debt to Equity History and Analysis
Debt Level: DGL's net debt to equity ratio (93.2%) is considered high.
Reducing Debt: DGL's debt to equity ratio has reduced from 233% to 105.5% over the past 5 years.
Debt Coverage: DGL's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: DGL earns more interest than it pays, so coverage of interest payments is not a concern.