Performance Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Performance Shipping has a total shareholder equity of $254.0M and total debt of $51.2M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are $310.5M and $56.4M respectively. Performance Shipping's EBIT is $43.7M making its interest coverage ratio 2.9. It has cash and short-term investments of $61.7M.
Key information
20.1%
Debt to equity ratio
US$51.18m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$61.74m |
| Equity | US$254.04m |
| Total liabilities | US$56.41m |
| Total assets | US$310.45m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DS2's short term assets ($68.0M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: DS2's short term assets ($68.0M) exceed its long term liabilities ($44.3M).
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 0% to 20.1% over the past 5 years.
Debt Coverage: DS2's debt is well covered by operating cash flow (115%).
Interest Coverage: DS2's interest payments on its debt are not well covered by EBIT (2.9x coverage).