Scorpio Tankers Balance Sheet Health
Financial Health criteria checks 5/6
Scorpio Tankers has a total shareholder equity of $2.8B and total debt of $826.0M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are $3.8B and $1.0B respectively. Scorpio Tankers's EBIT is $713.2M making its interest coverage ratio 4.8. It has cash and short-term investments of $289.0M.
Key information
29.1%
Debt to equity ratio
US$825.96m
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$289.05m |
| Equity | US$2.84b |
| Total liabilities | US$1.01b |
| Total assets | US$3.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S0QA's short term assets ($535.6M) exceed its short term liabilities ($242.0M).
Long Term Liabilities: S0QA's short term assets ($535.6M) do not cover its long term liabilities ($766.5M).
Debt to Equity History and Analysis
Debt Level: S0QA's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: S0QA's debt to equity ratio has reduced from 62% to 29.1% over the past 5 years.
Debt Coverage: S0QA's debt is well covered by operating cash flow (108.7%).
Interest Coverage: S0QA's interest payments on its debt are well covered by EBIT (4.8x coverage).