Seacon Shipping Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Seacon Shipping Group Holdings has a total shareholder equity of $173.7M and total debt of $222.9M, which brings its debt-to-equity ratio to 128.3%. Its total assets and total liabilities are $492.1M and $318.3M respectively. Seacon Shipping Group Holdings's EBIT is $20.9M making its interest coverage ratio 2.3. It has cash and short-term investments of $28.0M.
Key information
128.3%
Debt to equity ratio
US$222.89m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$28.00m |
| Equity | US$173.73m |
| Total liabilities | US$318.33m |
| Total assets | US$492.06m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2409's short term assets ($73.1M) exceed its short term liabilities ($72.3M).
Long Term Liabilities: 2409's short term assets ($73.1M) do not cover its long term liabilities ($246.0M).
Debt to Equity History and Analysis
Debt Level: 2409's net debt to equity ratio (112.2%) is considered high.
Reducing Debt: Insufficient data to determine if 2409's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2409's debt is well covered by operating cash flow (26.1%).
Interest Coverage: 2409's interest payments on its debt are not well covered by EBIT (2.3x coverage).