Scorpio Tankers Balance Sheet Health
Financial Health criteria checks 4/6
Scorpio Tankers has a total shareholder equity of $2.4B and total debt of $841.6M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are $4.3B and $1.9B respectively. Scorpio Tankers's EBIT is $832.8M making its interest coverage ratio 5.4. It has cash and short-term investments of $364.9M.
Key information
34.4%
Debt to equity ratio
US$841.55m
Debt
Interest coverage ratio | 5.4x |
Cash | US$364.91m |
Equity | US$2.44b |
Total liabilities | US$1.86b |
Total assets | US$4.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STNG N's short term assets ($585.3M) do not cover its short term liabilities ($706.4M).
Long Term Liabilities: STNG N's short term assets ($585.3M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: STNG N's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: STNG N's debt to equity ratio has reduced from 101.7% to 34.4% over the past 5 years.
Debt Coverage: STNG N's debt is well covered by operating cash flow (118.4%).
Interest Coverage: STNG N's interest payments on its debt are well covered by EBIT (5.4x coverage).