Belships Balance Sheet Health
Financial Health criteria checks 5/6
Belships has a total shareholder equity of $289.2M and total debt of $89.3M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are $878.2M and $588.9M respectively. Belships's EBIT is $83.7M making its interest coverage ratio 3.4. It has cash and short-term investments of $153.6M.
Key information
30.9%
Debt to equity ratio
US$89.26m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$153.60m |
| Equity | US$289.24m |
| Total liabilities | US$588.94m |
| Total assets | US$878.18m |
Recent financial health updates
Recent updates
Belships (OB:BELCO) Is Doing The Right Things To Multiply Its Share Price
Dec 21
Investors Aren't Buying Belships ASA's (OB:BELCO) Earnings
Sep 26Some May Be Optimistic About Belships' (OB:BELCO) Earnings
Aug 30Revenue Downgrade: Here's What Analysts Forecast For Belships ASA (OB:BELCO)
Aug 23Does Belships (OB:BELCO) Have A Healthy Balance Sheet?
Jun 12Industry Analysts Just Upgraded Their Belships ASA (OB:BELCO) Revenue Forecasts By 23%
May 13There's Been No Shortage Of Growth Recently For Belships' (OB:BELCO) Returns On Capital
Mar 23Analysts Just Published A Bright New Outlook For Belships ASA's (OB:BELCO)
Feb 27Earnings Beat: Belships ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 23Time To Worry? Analysts Just Downgraded Their Belships ASA (OB:BELCO) Outlook
Feb 03Returns On Capital Are Showing Encouraging Signs At Belships (OB:BELCO)
Dec 18Belships (OB:BELCO) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 21Financial Position Analysis
Short Term Liabilities: BELCO's short term assets ($190.3M) exceed its short term liabilities ($71.2M).
Long Term Liabilities: BELCO's short term assets ($190.3M) do not cover its long term liabilities ($517.7M).
Debt to Equity History and Analysis
Debt Level: BELCO has more cash than its total debt.
Reducing Debt: BELCO's debt to equity ratio has reduced from 88% to 30.9% over the past 5 years.
Debt Coverage: BELCO's debt is well covered by operating cash flow (111%).
Interest Coverage: BELCO's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:33 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Belships ASA is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Håvard Lie | Danske Bank |
| Øystein Vaagen | Fearnley Securities |
| Fredrik Dybwad | Fearnley Securities |