Klaveness Combination Carriers Balance Sheet Health
Financial Health criteria checks 4/6
Klaveness Combination Carriers has a total shareholder equity of $370.1M and total debt of $225.7M, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are $614.5M and $244.3M respectively. Klaveness Combination Carriers's EBIT is $112.0M making its interest coverage ratio 7.8. It has cash and short-term investments of $51.3M.
Key information
61.0%
Debt to equity ratio
US$225.74m
Debt
| Interest coverage ratio | 7.8x |
| Cash | US$51.32m |
| Equity | US$370.11m |
| Total liabilities | US$244.34m |
| Total assets | US$614.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KCCO's short term assets ($97.9M) exceed its short term liabilities ($43.9M).
Long Term Liabilities: KCCO's short term assets ($97.9M) do not cover its long term liabilities ($200.5M).
Debt to Equity History and Analysis
Debt Level: KCCO's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: KCCO's debt to equity ratio has reduced from 106.6% to 61% over the past 5 years.
Debt Coverage: KCCO's debt is well covered by operating cash flow (58.6%).
Interest Coverage: KCCO's interest payments on its debt are well covered by EBIT (7.8x coverage).