Himalaya Shipping Balance Sheet Health
Financial Health criteria checks 1/6
Himalaya Shipping has a total shareholder equity of $154.2M and total debt of $439.5M, which brings its debt-to-equity ratio to 285%. Its total assets and total liabilities are $599.2M and $445.0M respectively. Himalaya Shipping's EBIT is $14.6M making its interest coverage ratio 1.1. It has cash and short-term investments of $25.6M.
Key information
285.0%
Debt to equity ratio
US$439.50m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$25.55m |
| Equity | US$154.21m |
| Total liabilities | US$445.00m |
| Total assets | US$599.21m |
Recent financial health updates
No updates
Recent updates
We Don’t Think Himalaya Shipping's (OB:HSHP) Earnings Should Make Shareholders Too Comfortable
Feb 22
Upgrade: Analysts Just Made A Substantial Increase To Their Himalaya Shipping Ltd. (OB:HSHP) Forecasts
Feb 20Himalaya Shipping Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Feb 18Calculating The Intrinsic Value Of Himalaya Shipping Ltd. (OB:HSHP)
Nov 22Estimating The Fair Value Of Himalaya Shipping Ltd. (OB:HSHP)
Jun 08Financial Position Analysis
Short Term Liabilities: HSHP's short term assets ($32.8M) exceed its short term liabilities ($25.3M).
Long Term Liabilities: HSHP's short term assets ($32.8M) do not cover its long term liabilities ($419.7M).
Debt to Equity History and Analysis
Debt Level: HSHP's net debt to equity ratio (268.4%) is considered high.
Reducing Debt: Insufficient data to determine if HSHP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HSHP's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: HSHP's interest payments on its debt are not well covered by EBIT (1.1x coverage).