Belships Balance Sheet Health
Financial Health criteria checks 5/6
Belships has a total shareholder equity of $305.6M and total debt of $102.4M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $932.9M and $627.3M respectively. Belships's EBIT is $105.8M making its interest coverage ratio 3.5. It has cash and short-term investments of $128.1M.
Key information
33.5%
Debt to equity ratio
US$102.43m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$128.11m |
| Equity | US$305.56m |
| Total liabilities | US$627.30m |
| Total assets | US$932.86m |
Recent financial health updates
Recent updates
Does Belships (OB:BELCO) Have A Healthy Balance Sheet?
Jun 12
Industry 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 ($187.5M) exceed its short term liabilities ($83.1M).
Long Term Liabilities: BELCO's short term assets ($187.5M) do not cover its long term liabilities ($544.2M).
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 86.5% to 33.5% over the past 5 years.
Debt Coverage: BELCO's debt is well covered by operating cash flow (118%).
Interest Coverage: BELCO's interest payments on its debt are well covered by EBIT (3.5x coverage).