Belships Balance Sheet Health
Financial Health criteria checks 5/6
Belships has a total shareholder equity of $298.1M and total debt of $115.5M, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are $928.3M and $630.1M respectively. Belships's EBIT is $116.4M making its interest coverage ratio 3.7. It has cash and short-term investments of $138.9M.
Key information
38.8%
Debt to equity ratio
US$115.55m
Debt
Interest coverage ratio | 3.7x |
Cash | US$138.93m |
Equity | US$298.14m |
Total liabilities | US$630.14m |
Total assets | US$928.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BELCOO's short term assets ($193.9M) exceed its short term liabilities ($91.4M).
Long Term Liabilities: BELCOO's short term assets ($193.9M) do not cover its long term liabilities ($538.7M).
Debt to Equity History and Analysis
Debt Level: BELCOO has more cash than its total debt.
Reducing Debt: BELCOO's debt to equity ratio has reduced from 82.9% to 38.8% over the past 5 years.
Debt Coverage: BELCOO's debt is well covered by operating cash flow (120.7%).
Interest Coverage: BELCOO's interest payments on its debt are well covered by EBIT (3.7x coverage).