DHT Holdings Balance Sheet Health
Financial Health criteria checks 5/6
DHT Holdings has a total shareholder equity of $1.0B and total debt of $428.7M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are $1.5B and $460.6M respectively. DHT Holdings's EBIT is $193.1M making its interest coverage ratio 6.6. It has cash and short-term investments of $74.7M.
Key information
41.6%
Debt to equity ratio
US$428.73m
Debt
Interest coverage ratio | 6.6x |
Cash | US$74.74m |
Equity | US$1.03b |
Total liabilities | US$460.56m |
Total assets | US$1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DHT N's short term assets ($200.5M) exceed its short term liabilities ($56.6M).
Long Term Liabilities: DHT N's short term assets ($200.5M) do not cover its long term liabilities ($404.0M).
Debt to Equity History and Analysis
Debt Level: DHT N's net debt to equity ratio (34.3%) is considered satisfactory.
Reducing Debt: DHT N's debt to equity ratio has reduced from 112.9% to 41.6% over the past 5 years.
Debt Coverage: DHT N's debt is well covered by operating cash flow (58.6%).
Interest Coverage: DHT N's interest payments on its debt are well covered by EBIT (6.6x coverage).