Belships Balance Sheet Health
Financial Health criteria checks 5/6
Belships has a total shareholder equity of $289.2M and total debt of $89.3M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are $878.2M and $588.9M respectively. Belships's EBIT is $83.7M making its interest coverage ratio 3.4. It has cash and short-term investments of $153.6M.
Key information
30.9%
Debt to equity ratio
US$89.26m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$153.60m |
| Equity | US$289.24m |
| Total liabilities | US$588.94m |
| Total assets | US$878.18m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0DQB's short term assets ($190.3M) exceed its short term liabilities ($71.2M).
Long Term Liabilities: 0DQB's short term assets ($190.3M) do not cover its long term liabilities ($517.7M).
Debt to Equity History and Analysis
Debt Level: 0DQB has more cash than its total debt.
Reducing Debt: 0DQB's debt to equity ratio has reduced from 88% to 30.9% over the past 5 years.
Debt Coverage: 0DQB's debt is well covered by operating cash flow (111%).
Interest Coverage: 0DQB's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:35 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Belships ASA is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Håvard Lie | Danske Bank |
| Øystein Vaagen | Fearnley Securities |
| Fredrik Dybwad | Fearnley Securities |