Himalaya Shipping Balance Sheet Health
Financial Health criteria checks 0/6
Himalaya Shipping has a total shareholder equity of $157.2M and total debt of $725.5M, which brings its debt-to-equity ratio to 461.4%. Its total assets and total liabilities are $897.3M and $740.0M respectively. Himalaya Shipping's EBIT is $41.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $21.9M.
Key information
461.4%
Debt to equity ratio
US$725.45m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$21.95m |
| Equity | US$157.25m |
| Total liabilities | US$740.01m |
| Total assets | US$897.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J1X's short term assets ($29.5M) do not cover its short term liabilities ($38.0M).
Long Term Liabilities: J1X's short term assets ($29.5M) do not cover its long term liabilities ($702.0M).
Debt to Equity History and Analysis
Debt Level: J1X's net debt to equity ratio (447.4%) is considered high.
Reducing Debt: Insufficient data to determine if J1X's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: J1X's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: J1X's interest payments on its debt are not well covered by EBIT (1.4x coverage).