Danaos Balance Sheet Health
Financial Health criteria checks 6/6
Danaos has a total shareholder equity of $3.0B and total debt of $404.2M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are $3.7B and $644.8M respectively. Danaos's EBIT is $578.3M making its interest coverage ratio 53.1. It has cash and short-term investments of $357.8M.
Key information
13.4%
Debt to equity ratio
US$404.17m
Debt
Interest coverage ratio | 53.1x |
Cash | US$357.84m |
Equity | US$3.02b |
Total liabilities | US$644.82m |
Total assets | US$3.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DVW1's short term assets ($501.8M) exceed its short term liabilities ($168.2M).
Long Term Liabilities: DVW1's short term assets ($501.8M) exceed its long term liabilities ($476.7M).
Debt to Equity History and Analysis
Debt Level: DVW1's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: DVW1's debt to equity ratio has reduced from 234.8% to 13.4% over the past 5 years.
Debt Coverage: DVW1's debt is well covered by operating cash flow (142.6%).
Interest Coverage: DVW1's interest payments on its debt are well covered by EBIT (53.1x coverage).