First Ship Lease Trust

SGX:D8DU Stock Report

Market Cap: S$81.3m

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 ratio25.2x
CashUS$5.90m
EquityUS$29.67m
Total liabilitiesUS$7.96m
Total assetsUS$37.62m

Recent financial health updates

These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely

Oct 20
These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely

First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet

Nov 22
First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet

Recent updates

Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now

Nov 04
Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now

We Like These Underlying Return On Capital Trends At First Ship Lease Trust (SGX:D8DU)

Apr 01
We Like These Underlying Return On Capital Trends At First Ship Lease Trust (SGX:D8DU)

First Ship Lease Trust's (SGX:D8DU) Anemic Earnings Might Be Worse Than You Think

Feb 22
First Ship Lease Trust's (SGX:D8DU) Anemic Earnings Might Be Worse Than You Think

First Ship Lease Trust's (SGX:D8DU) 38% Share Price Surge Not Quite Adding Up

Feb 12
First Ship Lease Trust's (SGX:D8DU) 38% Share Price Surge Not Quite Adding Up

First Ship Lease Trust (SGX:D8DU) Shareholders Will Want The ROCE Trajectory To Continue

Dec 20
First Ship Lease Trust (SGX:D8DU) Shareholders Will Want The ROCE Trajectory To Continue

These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely

Oct 20
These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely

Returns On Capital Are Showing Encouraging Signs At First Ship Lease Trust (SGX:D8DU)

Aug 31
Returns On Capital Are Showing Encouraging Signs At First Ship Lease Trust (SGX:D8DU)

Investors Will Want First Ship Lease Trust's (SGX:D8DU) Growth In ROCE To Persist

Mar 22
Investors Will Want First Ship Lease Trust's (SGX:D8DU) Growth In ROCE To Persist

First Ship Lease Trust's (SGX:D8DU) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?

Mar 01
First Ship Lease Trust's (SGX:D8DU) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?

First Ship Lease Trust's (SGX:D8DU) Popularity With Investors Is Under Threat From Overpricing

Feb 08
First Ship Lease Trust's (SGX:D8DU) Popularity With Investors Is Under Threat From Overpricing

First Ship Lease Trust (SGX:D8DU) Has Compensated Shareholders With A 48% Return On Their Investment

Jan 18
First Ship Lease Trust (SGX:D8DU) Has Compensated Shareholders With A 48% Return On Their Investment

Is There More Growth In Store For First Ship Lease Trust's (SGX:D8DU) Returns On Capital?

Dec 20
Is There More Growth In Store For First Ship Lease Trust's (SGX:D8DU) Returns On Capital?

First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet

Nov 22
First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet

Financial 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).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 23:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Ship Lease Trust is covered by 9 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert BruceCLSA
Omar NoktaCowen Securities LLC
Suvro SarkarDBS Vickers Research