Frontline Balance Sheet Health
Financial Health criteria checks 2/6
Frontline has a total shareholder equity of $2.4B and total debt of $3.9B, which brings its debt-to-equity ratio to 159%. Its total assets and total liabilities are $6.5B and $4.0B respectively. Frontline's EBIT is $665.4M making its interest coverage ratio 3.2. It has cash and short-term investments of $367.5M.
Key information
159.0%
Debt to equity ratio
US$3.86b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$367.48m |
| Equity | US$2.43b |
| Total liabilities | US$4.03b |
| Total assets | US$6.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FROO's short term assets ($859.3M) exceed its short term liabilities ($621.8M).
Long Term Liabilities: FROO's short term assets ($859.3M) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: FROO's net debt to equity ratio (143.9%) is considered high.
Reducing Debt: FROO's debt to equity ratio has increased from 144.2% to 159% over the past 5 years.
Debt Coverage: FROO's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: FROO's interest payments on its debt are well covered by EBIT (3.2x coverage).