Hafnia Balance Sheet Health
Financial Health criteria checks 6/6
Hafnia has a total shareholder equity of $2.4B and total debt of $539.3M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are $3.9B and $1.5B respectively. Hafnia's EBIT is $843.3M making its interest coverage ratio 20.5. It has cash and short-term investments of $166.7M.
Key information
22.1%
Debt to equity ratio
US$539.32m
Debt
| Interest coverage ratio | 20.5x |
| Cash | US$166.69m |
| Equity | US$2.44b |
| Total liabilities | US$1.49b |
| Total assets | US$3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAFNIO's short term assets ($1.0B) exceed its short term liabilities ($677.2M).
Long Term Liabilities: HAFNIO's short term assets ($1.0B) exceed its long term liabilities ($809.0M).
Debt to Equity History and Analysis
Debt Level: HAFNIO's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: HAFNIO's debt to equity ratio has reduced from 126.9% to 22.1% over the past 5 years.
Debt Coverage: HAFNIO's debt is well covered by operating cash flow (198.5%).
Interest Coverage: HAFNIO's interest payments on its debt are well covered by EBIT (20.5x coverage).