Havila Shipping Balance Sheet Health
Financial Health criteria checks 2/6
Havila Shipping has a total shareholder equity of NOK-93.5M and total debt of NOK1.7B, which brings its debt-to-equity ratio to -1801.9%. Its total assets and total liabilities are NOK2.0B and NOK2.1B respectively. Havila Shipping's EBIT is NOK214.3M making its interest coverage ratio 1.3. It has cash and short-term investments of NOK147.4M.
Key information
-1,801.9%
Debt to equity ratio
NOK 1.68b
Debt
| Interest coverage ratio | 1.3x |
| Cash | NOK 147.38m |
| Equity | -NOK 93.50m |
| Total liabilities | NOK 2.10b |
| Total assets | NOK 2.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAVIO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HAVIO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: HAVIO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HAVIO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HAVIO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HAVIO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.3% per year.