Performance Shipping Balance Sheet Health
Financial Health criteria checks 3/6
Performance Shipping has a total shareholder equity of $209.4M and total debt of $117.1M, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are $332.0M and $145.1M respectively. Performance Shipping's EBIT is $65.3M making its interest coverage ratio 2.1. It has cash and short-term investments of $85.4M.
Key information
55.9%
Debt to equity ratio
US$117.12m
Debt
Interest coverage ratio | 2.1x |
Cash | US$85.40m |
Equity | US$209.37m |
Total liabilities | US$145.14m |
Total assets | US$332.04m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DS2T's short term assets ($96.5M) exceed its short term liabilities ($22.5M).
Long Term Liabilities: DS2T's short term assets ($96.5M) do not cover its long term liabilities ($122.7M).
Debt to Equity History and Analysis
Debt Level: DS2T's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: DS2T's debt to equity ratio has increased from 0% to 55.9% over the past 5 years.
Debt Coverage: DS2T's debt is well covered by operating cash flow (65.1%).
Interest Coverage: DS2T's interest payments on its debt are not well covered by EBIT (2.1x coverage).