Sea1 Offshore Balance Sheet Health
Financial Health criteria checks 4/6
Sea1 Offshore has a total shareholder equity of $428.5M and total debt of $378.3M, which brings its debt-to-equity ratio to 88.3%. Its total assets and total liabilities are $880.4M and $451.9M respectively. Sea1 Offshore's EBIT is $109.5M making its interest coverage ratio 5.2. It has cash and short-term investments of $127.0M.
Key information
88.3%
Debt to equity ratio
US$378.32m
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$127.00m |
| Equity | US$428.49m |
| Total liabilities | US$451.95m |
| Total assets | US$880.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S5H0's short term assets ($200.1M) exceed its short term liabilities ($105.4M).
Long Term Liabilities: S5H0's short term assets ($200.1M) do not cover its long term liabilities ($346.5M).
Debt to Equity History and Analysis
Debt Level: S5H0's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: S5H0's debt to equity ratio has reduced from 249.5% to 88.3% over the past 5 years.
Debt Coverage: S5H0's debt is well covered by operating cash flow (41.2%).
Interest Coverage: S5H0's interest payments on its debt are well covered by EBIT (5.2x coverage).