Seacon Shipping Group Holdings Limited

SEHK:2409 Stock Report

Market Cap: HK$2.1b

Seacon Shipping Group Holdings Balance Sheet Health

Financial Health criteria checks 2/6

Seacon Shipping Group Holdings has a total shareholder equity of $189.4M and total debt of $279.6M, which brings its debt-to-equity ratio to 147.6%. Its total assets and total liabilities are $589.7M and $400.4M respectively. Seacon Shipping Group Holdings's EBIT is $40.7M making its interest coverage ratio 3. It has cash and short-term investments of $44.6M.

Key information

147.6%

Debt to equity ratio

US$279.58m

Debt

Interest coverage ratio3x
CashUS$44.59m
EquityUS$189.36m
Total liabilitiesUS$400.35m
Total assetsUS$589.71m

Recent financial health updates

No updates

Recent updates

We Believe That Seacon Shipping Group Holdings' (HKG:2409) Weak Earnings Are A Good Indicator Of Underlying Profitability

Oct 03
We Believe That Seacon Shipping Group Holdings' (HKG:2409) Weak Earnings Are A Good Indicator Of Underlying Profitability

Financial Position Analysis

Short Term Liabilities: 2409's short term assets ($126.7M) exceed its short term liabilities ($124.5M).

Long Term Liabilities: 2409's short term assets ($126.7M) do not cover its long term liabilities ($275.9M).


Debt to Equity History and Analysis

Debt Level: 2409's net debt to equity ratio (124.1%) 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 (28.2%).

Interest Coverage: 2409's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


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