Euronav Balance Sheet Health
Financial Health criteria checks 6/6
Euronav has a total shareholder equity of $2.4B and total debt of $894.0M, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are $3.4B and $1.1B respectively. Euronav's EBIT is $597.2M making its interest coverage ratio 5.3. It has cash and short-term investments of $429.4M.
Key information
37.9%
Debt to equity ratio
US$894.00m
Debt
Interest coverage ratio | 5.3x |
Cash | US$429.37m |
Equity | US$2.36b |
Total liabilities | US$1.06b |
Total assets | US$3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCW's short term assets ($1.6B) exceed its short term liabilities ($424.8M).
Long Term Liabilities: OCW's short term assets ($1.6B) exceed its long term liabilities ($637.2M).
Debt to Equity History and Analysis
Debt Level: OCW's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: OCW's debt to equity ratio has reduced from 78.3% to 37.9% over the past 5 years.
Debt Coverage: OCW's debt is well covered by operating cash flow (93.7%).
Interest Coverage: OCW's interest payments on its debt are well covered by EBIT (5.3x coverage).