Heung-A ShippingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Heung-A ShippingLtd has a total shareholder equity of ₩170.7B and total debt of ₩11.6B, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are ₩325.7B and ₩154.9B respectively. Heung-A ShippingLtd's EBIT is ₩21.1B making its interest coverage ratio -8. It has cash and short-term investments of ₩69.5B.
Key information
6.8%
Debt to equity ratio
₩11.60b
Debt
Interest coverage ratio | -8x |
Cash | ₩69.51b |
Equity | ₩170.71b |
Total liabilities | ₩154.94b |
Total assets | ₩325.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: A003280's short term assets (₩101.3B) exceed its short term liabilities (₩57.7B).
Long Term Liabilities: A003280's short term assets (₩101.3B) exceed its long term liabilities (₩97.2B).
Debt to Equity History and Analysis
Debt Level: A003280 has more cash than its total debt.
Reducing Debt: A003280's debt to equity ratio has reduced from 289.4% to 6.8% over the past 5 years.
Debt Coverage: A003280's debt is well covered by operating cash flow (218.6%).
Interest Coverage: A003280 earns more interest than it pays, so coverage of interest payments is not a concern.