Havila Shipping Balance Sheet Health
Financial Health criteria checks 3/6
Havila Shipping has a total shareholder equity of NOK19.5M and total debt of NOK1.2B, which brings its debt-to-equity ratio to 6317.1%. Its total assets and total liabilities are NOK1.4B and NOK1.4B respectively. Havila Shipping's EBIT is NOK136.3M making its interest coverage ratio -52.3. It has cash and short-term investments of NOK87.3M.
Key information
6,317.1%
Debt to equity ratio
kr1.23b
Debt
| Interest coverage ratio | -52.3x |
| Cash | kr87.33m |
| Equity | kr19.53m |
| Total liabilities | kr1.42b |
| Total assets | kr1.44b |
Recent financial health updates
Here's Why Havila Shipping (OB:HAVI) Has A Meaningful Debt Burden
Feb 07
Is Havila Shipping (OB:HAVI) A Risky Investment?
Oct 26Is Havila Shipping (OB:HAVI) Using Debt In A Risky Way?
Apr 05Is Havila Shipping (OB:HAVI) Using Debt In A Risky Way?
Dec 14Is Havila Shipping (OB:HAVI) Using Too Much Debt?
Aug 30Recent updates
There's No Escaping Havila Shipping ASA's (OB:HAVI) Muted Revenues Despite A 28% Share Price Rise
Apr 01Here's Why Havila Shipping (OB:HAVI) Has A Meaningful Debt Burden
Feb 07We Like These Underlying Return On Capital Trends At Havila Shipping (OB:HAVI)
Oct 19There Is A Reason Havila Shipping ASA's (OB:HAVI) Price Is Undemanding
Aug 25Havila Shipping (OB:HAVI) Is Doing The Right Things To Multiply Its Share Price
Jun 16Is Havila Shipping (OB:HAVI) A Risky Investment?
Oct 26Havila Shipping (OB:HAVI) Is Experiencing Growth In Returns On Capital
Sep 03Is Havila Shipping (OB:HAVI) Using Debt In A Risky Way?
Apr 05Is Havila Shipping (OB:HAVI) Using Debt In A Risky Way?
Dec 14Is Havila Shipping (OB:HAVI) Using Too Much Debt?
Aug 30We're Not Counting On Havila Shipping (OB:HAVI) To Sustain Its Statutory Profitability
Dec 10Financial Position Analysis
Short Term Liabilities: HAVI's short term assets (NOK280.4M) do not cover its short term liabilities (NOK1.3B).
Long Term Liabilities: HAVI's short term assets (NOK280.4M) exceed its long term liabilities (NOK73.6M).
Debt to Equity History and Analysis
Debt Level: HAVI's net debt to equity ratio (5870.1%) is considered high.
Reducing Debt: HAVI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HAVI's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: HAVI earns more interest than it pays, so coverage of interest payments is not a concern.