Havila Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Havila Shipping has a total shareholder equity of NOK27.7M and total debt of NOK1.3B, which brings its debt-to-equity ratio to 4804.3%. Its total assets and total liabilities are NOK1.5B and NOK1.5B respectively. Havila Shipping's EBIT is NOK127.9M making its interest coverage ratio -38.9. It has cash and short-term investments of NOK163.6M.
Key information
4,804.3%
Debt to equity ratio
NOK 1.33b
Debt
| Interest coverage ratio | -38.9x |
| Cash | NOK 163.57m |
| Equity | NOK 27.68m |
| Total liabilities | NOK 1.49b |
| Total assets | NOK 1.52b |
Recent financial health updates
Is Havila Shipping (OB:HAVI) A Risky Investment?
Jul 31
Here's Why Havila Shipping (OB:HAVI) Has A Meaningful Debt Burden
Feb 07Is 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
The Market Doesn't Like What It Sees From Havila Shipping ASA's (OB:HAVI) Revenues Yet As Shares Tumble 25%
Nov 08Benign Growth For Havila Shipping ASA (OB:HAVI) Underpins Stock's 36% Plummet
Sep 03Is Havila Shipping (OB:HAVI) A Risky Investment?
Jul 31Lacklustre Performance Is Driving Havila Shipping ASA's (OB:HAVI) 25% Price Drop
May 22There'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 (NOK292.7M) do not cover its short term liabilities (NOK1.4B).
Long Term Liabilities: HAVI's short term assets (NOK292.7M) exceed its long term liabilities (NOK54.7M).
Debt to Equity History and Analysis
Debt Level: HAVI's net debt to equity ratio (4213.3%) is considered high.
Reducing Debt: HAVI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HAVI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HAVI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.4% per year.