Belships Balance Sheet Health
Financial Health criteria checks 2/6
Belships has a total shareholder equity of $289.2M and total debt of $564.3M, which brings its debt-to-equity ratio to 195.1%. 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
195.1%
Debt to equity ratio
US$564.27m
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
Investors Aren't Buying Belships ASA's (OB:BELCO) Earnings
Sep 26
Some 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's net debt to equity ratio (142%) is considered high.
Reducing Debt: BELCO's debt to equity ratio has increased from 88% to 195.1% over the past 5 years.
Debt Coverage: BELCO's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: BELCO's interest payments on its debt are well covered by EBIT (3.4x coverage).