Frontline Balance Sheet Health
Financial Health criteria checks 2/6
Frontline has a total shareholder equity of $2.4B and total debt of $4.1B, which brings its debt-to-equity ratio to 172.2%. Its total assets and total liabilities are $6.6B and $4.2B respectively. Frontline's EBIT is $704.5M making its interest coverage ratio 4.9. It has cash and short-term investments of $303.5M.
Key information
172.2%
Debt to equity ratio
US$4.09b
Debt
Interest coverage ratio | 4.9x |
Cash | US$303.51m |
Equity | US$2.38b |
Total liabilities | US$4.25b |
Total assets | US$6.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FROO's short term assets ($839.7M) exceed its short term liabilities ($479.1M).
Long Term Liabilities: FROO's short term assets ($839.7M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: FROO's net debt to equity ratio (159.4%) is considered high.
Reducing Debt: FROO's debt to equity ratio has increased from 142.9% to 172.2% over the past 5 years.
Debt Coverage: FROO's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: FROO's interest payments on its debt are well covered by EBIT (4.9x coverage).