Havila Shipping Balance Sheet Health
Financial Health criteria checks 3/6
Havila Shipping has a total shareholder equity of NOK19.7M and total debt of NOK1.3B, which brings its debt-to-equity ratio to 6442.6%. Its total assets and total liabilities are NOK1.4B and NOK1.4B respectively. Havila Shipping's EBIT is NOK139.1M making its interest coverage ratio 1139.8. It has cash and short-term investments of NOK87.3M.
Key information
6,442.6%
Debt to equity ratio
kr1.27b
Debt
Interest coverage ratio | 1139.8x |
Cash | kr87.33m |
Equity | kr19.67m |
Total liabilities | kr1.42b |
Total assets | kr1.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LGI's short term assets (NOK280.4M) do not cover its short term liabilities (NOK1.3B).
Long Term Liabilities: 0LGI's short term assets (NOK280.4M) exceed its long term liabilities (NOK73.6M).
Debt to Equity History and Analysis
Debt Level: 0LGI's net debt to equity ratio (5998.6%) is considered high.
Reducing Debt: 0LGI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 0LGI's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: 0LGI's interest payments on its debt are well covered by EBIT (1139.8x coverage).