Sea1 Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Sea1 Offshore has a total shareholder equity of $534.2M and total debt of $453.1M, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $1.1B and $539.9M respectively. Sea1 Offshore's EBIT is $91.1M making its interest coverage ratio 3.7. It has cash and short-term investments of $76.8M.
Key information
84.8%
Debt to equity ratio
US$453.14m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$76.84m |
| Equity | US$534.16m |
| Total liabilities | US$539.86m |
| Total assets | US$1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEA1O's short term assets ($158.8M) do not cover its short term liabilities ($257.6M).
Long Term Liabilities: SEA1O's short term assets ($158.8M) do not cover its long term liabilities ($282.3M).
Debt to Equity History and Analysis
Debt Level: SEA1O's net debt to equity ratio (70.4%) is considered high.
Reducing Debt: SEA1O's debt to equity ratio has reduced from 252.1% to 84.8% over the past 5 years.
Debt Coverage: SEA1O's debt is well covered by operating cash flow (26.3%).
Interest Coverage: SEA1O's interest payments on its debt are well covered by EBIT (3.7x coverage).