Klaveness Combination Carriers Balance Sheet Health
Financial Health criteria checks 4/6
Klaveness Combination Carriers has a total shareholder equity of $361.7M and total debt of $247.9M, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are $628.0M and $266.3M respectively. Klaveness Combination Carriers's EBIT is $103.1M making its interest coverage ratio 6.1. It has cash and short-term investments of $68.1M.
Key information
68.5%
Debt to equity ratio
US$247.92m
Debt
Interest coverage ratio | 6.1x |
Cash | US$68.07m |
Equity | US$361.70m |
Total liabilities | US$266.34m |
Total assets | US$628.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 36K's short term assets ($106.9M) exceed its short term liabilities ($44.0M).
Long Term Liabilities: 36K's short term assets ($106.9M) do not cover its long term liabilities ($222.4M).
Debt to Equity History and Analysis
Debt Level: 36K's net debt to equity ratio (49.7%) is considered high.
Reducing Debt: 36K's debt to equity ratio has reduced from 82.3% to 68.5% over the past 5 years.
Debt Coverage: 36K's debt is well covered by operating cash flow (60.1%).
Interest Coverage: 36K's interest payments on its debt are well covered by EBIT (6.1x coverage).