First Ship Lease Trust Balance Sheet Health
Financial Health criteria checks 6/6
First Ship Lease Trust has a total shareholder equity of $29.7M and total debt of $7.4M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are $37.6M and $8.0M respectively. First Ship Lease Trust's EBIT is $3.4M making its interest coverage ratio 25.2. It has cash and short-term investments of $5.9M.
Key information
24.9%
Debt to equity ratio
US$7.39m
Debt
| Interest coverage ratio | 25.2x |
| Cash | US$5.90m |
| Equity | US$29.67m |
| Total liabilities | US$7.96m |
| Total assets | US$37.62m |
Recent financial health updates
These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely
Oct 20
First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet
Nov 22Recent updates
Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now
Nov 04We Like These Underlying Return On Capital Trends At First Ship Lease Trust (SGX:D8DU)
Apr 01First Ship Lease Trust's (SGX:D8DU) Anemic Earnings Might Be Worse Than You Think
Feb 22First Ship Lease Trust's (SGX:D8DU) 38% Share Price Surge Not Quite Adding Up
Feb 12First Ship Lease Trust (SGX:D8DU) Shareholders Will Want The ROCE Trajectory To Continue
Dec 20These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely
Oct 20Returns On Capital Are Showing Encouraging Signs At First Ship Lease Trust (SGX:D8DU)
Aug 31Investors Will Want First Ship Lease Trust's (SGX:D8DU) Growth In ROCE To Persist
Mar 22First Ship Lease Trust's (SGX:D8DU) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?
Mar 01First Ship Lease Trust's (SGX:D8DU) Popularity With Investors Is Under Threat From Overpricing
Feb 08First Ship Lease Trust (SGX:D8DU) Has Compensated Shareholders With A 48% Return On Their Investment
Jan 18
Is There More Growth In Store For First Ship Lease Trust's (SGX:D8DU) Returns On Capital?
Dec 20First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet
Nov 22Financial Position Analysis
Short Term Liabilities: D8DU's short term assets ($7.1M) exceed its short term liabilities ($3.5M).
Long Term Liabilities: D8DU's short term assets ($7.1M) exceed its long term liabilities ($4.4M).
Debt to Equity History and Analysis
Debt Level: D8DU's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: D8DU's debt to equity ratio has reduced from 46.7% to 24.9% over the past 5 years.
Debt Coverage: D8DU's debt is well covered by operating cash flow (82.5%).
Interest Coverage: D8DU's interest payments on its debt are well covered by EBIT (25.2x coverage).