First Ship Lease Trust Balance Sheet Health

Financial Health criteria checks 6/6

First Ship Lease Trust has a total shareholder equity of $54.8M and total debt of $10.1M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $65.7M and $10.9M respectively. First Ship Lease Trust's EBIT is $3.5M making its interest coverage ratio 42.7. It has cash and short-term investments of $32.2M.

Key information

18.4%

Debt to equity ratio

US$10.11m

Debt

Interest coverage ratio	42.7x
Cash	US$32.17m
Equity	US$54.81m
Total liabilities	US$10.92m
Total assets	US$65.73m

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 22

Recent updates

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

Apr 01

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

Feb 22

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

Feb 12

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

Dec 20

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

Oct 20

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

Aug 31

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

Mar 22

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) Popularity With Investors Is Under Threat From Overpricing

Feb 08

First 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 20

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

Nov 22

Financial Position Analysis

Short Term Liabilities: D8DU's short term assets ($33.7M) exceed its short term liabilities ($4.3M).

Long Term Liabilities: D8DU's short term assets ($33.7M) exceed its long term liabilities ($6.7M).

Debt to Equity History and Analysis

Debt Level: D8DU has more cash than its total debt.

Reducing Debt: D8DU's debt to equity ratio has reduced from 66.5% to 18.4% over the past 5 years.

Debt Coverage: D8DU's debt is well covered by operating cash flow (64.6%).

Interest Coverage: D8DU's interest payments on its debt are well covered by EBIT (42.7x coverage).

First Ship Lease Trust Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

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

Recent updates

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

First Ship Lease Trust, Annual General Meeting, Apr 18, 2024

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

Full year 2023 earnings released: EPS: US$0.002 (vs US$0.008 in FY 2022)

First Ship Lease Trust to Report Second Half, 2023 Results on Feb 07, 2024

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

New minor risk - Share price stability

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)

First half 2023 earnings released: EPS: US$0.001 (vs US$0.001 in 1H 2022)

First Ship Lease Trust to Report First Half, 2023 Results on Aug 03, 2023

Full year 2022 earnings released: EPS: US$0.008 (vs US$0.001 loss in FY 2021)

Full year 2022 earnings released: EPS: US$0.008 (vs US$0.001 loss in FY 2021)

First Ship Lease Trust to Report Q4, 2022 Results on Feb 13, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.001 loss in 3Q 2021)

First Ship Lease Trust to Report Q3, 2022 Results on Nov 03, 2022

Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0 in 2Q 2021)

First Ship Lease Trust to Report Q2, 2022 Results on Aug 03, 2022

First Ship Lease Trust Announces Dividend for the Second Quarter Ended June 30, 2022

Now 21% undervalued

Insufficient new directors

First Ship Lease Trust Announces Resignation of Konstantinos Courcoubetis as Director

First Ship Lease Trust to Report Q1, 2022 Results on Apr 27, 2022

First Ship Lease Trust to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Ship Lease Trust, Annual General Meeting, Apr 27, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Ship Lease Trust Announces Cash Dividend for the First Quarter Ended March 31, 2021, Payable on 4 June 2021

First quarter 2021 earnings released

Full year 2020 earnings released: EPS US$0.004 (vs US$0.008 in FY 2019)

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?

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

Full year 2020 earnings released: EPS US$0.004 (vs US$0.008 in FY 2019)

First Ship Lease Trust to Report Q4, 2020 Results on Feb 05, 2021

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?

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

First Ship Lease Trust to Report Q3, 2020 Results on Nov 05, 2020

First Ship Lease Trust to Report Q2, 2020 Results on Aug 04, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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