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 $1.2B, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are $4.2B and $1.5B respectively. Scorpio Tankers's EBIT is $706.0M making its interest coverage ratio 5.1. It has cash and short-term investments of $369.5M.
Key information
42.7%
Debt to equity ratio
US$1.18b
Debt
Interest coverage ratio | 5.1x |
Cash | US$369.50m |
Equity | US$2.76b |
Total liabilities | US$1.45b |
Total assets | US$4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S0QA's short term assets ($653.4M) exceed its short term liabilities ($408.5M).
Long Term Liabilities: S0QA's short term assets ($653.4M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: S0QA's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: S0QA's debt to equity ratio has reduced from 75.7% to 42.7% over the past 5 years.
Debt Coverage: S0QA's debt is well covered by operating cash flow (68.9%).
Interest Coverage: S0QA's interest payments on its debt are well covered by EBIT (5.1x coverage).