Euronav Balance Sheet Health
Financial Health criteria checks 3/6
Euronav has a total shareholder equity of $1.9B and total debt of $1.6B, which brings its debt-to-equity ratio to 81.3%. Its total assets and total liabilities are $3.7B and $1.8B respectively. Euronav's EBIT is $519.5M making its interest coverage ratio 5.4. It has cash and short-term investments of $508.9M.
Key information
81.3%
Debt to equity ratio
US$1.58b
Debt
| Interest coverage ratio | 5.4x |
| Cash | US$508.85m |
| Equity | US$1.94b |
| Total liabilities | US$1.80b |
| Total assets | US$3.74b |
Recent financial health updates
No updates
Recent updates
Euronav: Growing Sustainably With The CMB.TECH Acquisition
Jun 20Euronav NV: Not Backing Down On The Decarbonization Agenda
Mar 13Frontline And Euronav Deal: Good Deal For Frontline, But Both Are Above Their Fair Value
Dec 07Euronav Saga Ends With Fireworks For Frontline
Nov 03Euronav's Solid Financials Coupled With Upside Potential Market Outlook Lead To A Bright Future
Sep 14Euronav NV: A Strong Oil Transporter Benefiting From Rising Spot Rates
Jun 30Euronav: The Saga Of A Failing Merger In A Profitable Oil Tanker Market
Jan 31Euronav: 3.7% Upside To Expected Tender Offer Due To Perceived Risk
Jan 04Euronav-Frontline Merger Facing Roadblocks
Dec 19Euronav Q3 2022 Earnings Preview
Nov 02Euronav: 3.68% Merger Premium, VLCC Spot Exposure Ahead Of Russian Sanctions
Oct 05Euronav Q2 2022 Earnings Preview
Aug 03Euronav: Upside Potential Amid Market Consolidation
Jun 22Euronav Share Price Downgrade
May 09Financial Position Analysis
Short Term Liabilities: CMBT's short term assets ($925.2M) exceed its short term liabilities ($634.0M).
Long Term Liabilities: CMBT's short term assets ($925.2M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CMBT's net debt to equity ratio (55%) is considered high.
Reducing Debt: CMBT's debt to equity ratio has increased from 74% to 81.3% over the past 5 years.
Debt Coverage: CMBT's debt is well covered by operating cash flow (54.6%).
Interest Coverage: CMBT's interest payments on its debt are well covered by EBIT (5.4x coverage).