Pacific Basin Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Pacific Basin Shipping has a total shareholder equity of $1.8B and total debt of $292.9M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are $2.4B and $605.5M respectively. Pacific Basin Shipping's EBIT is $104.5M making its interest coverage ratio 13.1. It has cash and short-term investments of $260.7M.
Key information
16.2%
Debt to equity ratio
US$292.88m
Debt
| Interest coverage ratio | 13.1x |
| Cash | US$260.69m |
| Equity | US$1.80b |
| Total liabilities | US$605.53m |
| Total assets | US$2.41b |
Recent financial health updates
Pacific Basin Shipping (HKG:2343) Has A Pretty Healthy Balance Sheet
Dec 11
These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Reasonably Well
Aug 27We Think Pacific Basin Shipping (HKG:2343) Can Stay On Top Of Its Debt
Apr 28Is Pacific Basin Shipping (HKG:2343) Using Too Much Debt?
Dec 13Pacific Basin Shipping (HKG:2343) Seems To Use Debt Rather Sparingly
Sep 01These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Safely
Apr 05Recent updates
Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings
Dec 24When Should You Buy Pacific Basin Shipping Limited (HKG:2343)?
Oct 07Investors Interested In Pacific Basin Shipping Limited's (HKG:2343) Earnings
Sep 20There May Be Reason For Hope In Pacific Basin Shipping's (HKG:2343) Disappointing Earnings
Aug 30Pacific Basin Shipping's (HKG:2343) Returns On Capital Are Heading Higher
Jun 12Is It Too Late To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
May 28Pacific Basin Shipping Limited's (HKG:2343) P/S Is Still On The Mark Following 30% Share Price Bounce
May 09Shareholders May Not Be So Generous With Pacific Basin Shipping Limited's (HKG:2343) CEO Compensation And Here's Why
Apr 12Earnings Miss: Pacific Basin Shipping Limited Missed EPS By 22% And Analysts Are Revising Their Forecasts
Mar 04Is It Time To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Feb 13Pacific Basin Shipping (HKG:2343) Might Have The Makings Of A Multi-Bagger
Jan 26Pacific Basin Shipping (HKG:2343) Has A Pretty Healthy Balance Sheet
Dec 11Are Investors Undervaluing Pacific Basin Shipping Limited (HKG:2343) By 41%?
Nov 28Pacific Basin Shipping (HKG:2343) Might Have The Makings Of A Multi-Bagger
Oct 20These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Reasonably Well
Aug 27Is It Too Late To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Aug 11Pacific Basin Shipping (HKG:2343) Is Achieving High Returns On Its Capital
May 16We Think Pacific Basin Shipping (HKG:2343) Can Stay On Top Of Its Debt
Apr 28Should You Investigate Pacific Basin Shipping Limited (HKG:2343) At HK$3.25?
Apr 13Under The Bonnet, Pacific Basin Shipping's (HKG:2343) Returns Look Impressive
Feb 04Is Pacific Basin Shipping Limited (HKG:2343) Potentially Undervalued?
Dec 29Is Pacific Basin Shipping (HKG:2343) Using Too Much Debt?
Dec 13Pacific Basin Shipping (HKG:2343) Is Very Good At Capital Allocation
Oct 23Is There Now An Opportunity In Pacific Basin Shipping Limited (HKG:2343)?
Sep 16Pacific Basin Shipping (HKG:2343) Seems To Use Debt Rather Sparingly
Sep 01Why We Like The Returns At Pacific Basin Shipping (HKG:2343)
Jun 22Is There Now An Opportunity In Pacific Basin Shipping Limited (HKG:2343)?
Jun 05These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Safely
Apr 05Pacific Basin Shipping's (HKG:2343) Promising Earnings May Rest On Soft Foundations
Mar 18Returns on Capital Paint A Bright Future For Pacific Basin Shipping (HKG:2343)
Feb 28Is It Time To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Dec 23We Like These Underlying Return On Capital Trends At Pacific Basin Shipping (HKG:2343)
Nov 18Financial Position Analysis
Short Term Liabilities: 2343's short term assets ($570.6M) exceed its short term liabilities ($335.0M).
Long Term Liabilities: 2343's short term assets ($570.6M) exceed its long term liabilities ($270.6M).
Debt to Equity History and Analysis
Debt Level: 2343's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: 2343's debt to equity ratio has reduced from 81% to 16.2% over the past 5 years.
Debt Coverage: 2343's debt is well covered by operating cash flow (103.2%).
Interest Coverage: 2343's interest payments on its debt are well covered by EBIT (13.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 01:44 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Pacific Basin Shipping Limited is covered by 29 analysts. 7 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 |
|---|---|
| Jonathan Windham | Barclays |
| Chun Lam | BOCI Research Ltd. |
| Nathan Gee | BofA Global Research |