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Frontline Balance Sheet Health
Financial Health criteria checks 2/6
Frontline has a total shareholder equity of $2.0B and total debt of $2.3B, which brings its debt-to-equity ratio to 115.9%. Its total assets and total liabilities are $4.5B and $2.5B respectively. Frontline's EBIT is $207.9M making its interest coverage ratio 9.1. It has cash and short-term investments of $340.6M.
Key information
115.9%
Debt to equity ratio
US$2.35b
Debt
| Interest coverage ratio | 9.1x |
| Cash | US$340.61m |
| Equity | US$2.03b |
| Total liabilities | US$2.52b |
| Total assets | US$4.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FROO's short term assets ($693.1M) exceed its short term liabilities ($424.6M).
Long Term Liabilities: FROO's short term assets ($693.1M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: FROO's net debt to equity ratio (99.1%) is considered high.
Reducing Debt: FROO's debt to equity ratio has increased from 111% to 115.9% over the past 5 years.
Debt Coverage: FROO's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: FROO's interest payments on its debt are well covered by EBIT (9.1x coverage).