Himalaya Shipping Balance Sheet Health
Financial Health criteria checks 1/6
Himalaya Shipping has a total shareholder equity of $155.1M and total debt of $583.3M, which brings its debt-to-equity ratio to 376.1%. Its total assets and total liabilities are $748.6M and $593.5M respectively. Himalaya Shipping's EBIT is $25.8M making its interest coverage ratio 1.2. It has cash and short-term investments of $25.7M.
Key information
376.1%
Debt to equity ratio
US$583.26m
Debt
Interest coverage ratio | 1.2x |
Cash | US$25.73m |
Equity | US$155.07m |
Total liabilities | US$593.52m |
Total assets | US$748.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HSHPO's short term assets ($33.8M) exceed its short term liabilities ($32.6M).
Long Term Liabilities: HSHPO's short term assets ($33.8M) do not cover its long term liabilities ($560.9M).
Debt to Equity History and Analysis
Debt Level: HSHPO's net debt to equity ratio (359.5%) is considered high.
Reducing Debt: Insufficient data to determine if HSHPO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HSHPO's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: HSHPO's interest payments on its debt are not well covered by EBIT (1.2x coverage).