Performance Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Performance Shipping has a total shareholder equity of $266.0M and total debt of $49.3M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are $320.8M and $67.0M respectively. Performance Shipping's EBIT is $43.5M making its interest coverage ratio 3.8. It has cash and short-term investments of $69.5M.
Key information
18.5%
Debt to equity ratio
US$49.32m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$69.52m |
| Equity | US$265.99m |
| Total liabilities | US$66.96m |
| Total assets | US$320.83m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DS2's short term assets ($69.5M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: DS2's short term assets ($69.5M) exceed its long term liabilities ($54.8M).
Debt to Equity History and Analysis
Debt Level: DS2 has more cash than its total debt.
Reducing Debt: DS2's debt to equity ratio has increased from 17.2% to 18.5% over the past 5 years.
Debt Coverage: DS2's debt is well covered by operating cash flow (119.3%).
Interest Coverage: DS2's interest payments on its debt are well covered by EBIT (3.8x coverage).