DHT Holdings Balance Sheet Health
Financial Health criteria checks 5/6
DHT Holdings has a total shareholder equity of $1.0B and total debt of $397.8M, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are $1.5B and $428.3M respectively. DHT Holdings's EBIT is $202.3M making its interest coverage ratio 6.9. It has cash and short-term investments of $73.1M.
Key information
38.1%
Debt to equity ratio
US$397.78m
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$73.08m |
| Equity | US$1.04b |
| Total liabilities | US$428.27m |
| Total assets | US$1.47b |
Recent financial health updates
Does DHT Holdings (NYSE:DHT) Have A Healthy Balance Sheet?
Mar 06
DHT Holdings (NYSE:DHT) Seems To Use Debt Quite Sensibly
Oct 23Is DHT Holdings (NYSE:DHT) A Risky Investment?
Jul 13DHT Holdings (NYSE:DHT) Has A Pretty Healthy Balance Sheet
Mar 26Does DHT Holdings (NYSE:DHT) Have A Healthy Balance Sheet?
Dec 14DHT Holdings (NYSE:DHT) Is Carrying A Fair Bit Of Debt
Aug 03Recent updates
Returns On Capital Are Showing Encouraging Signs At DHT Holdings (NYSE:DHT)
May 28Many Still Looking Away From DHT Holdings, Inc. (NYSE:DHT)
May 10We Have Increased Our Stake In DHT Holdings
Apr 08DHT Holdings: Best Balance Between PNAV, LTV, And Fleet Quality; Still Buy Rating
Mar 13Does DHT Holdings (NYSE:DHT) Have A Healthy Balance Sheet?
Mar 06DHT: Good 2023 Results And Likely Continued Earnings Strength Going Forward
Feb 18DHT Holdings (NYSE:DHT) Shareholders Will Want The ROCE Trajectory To Continue
Feb 04DHT Holdings: Concentrated Fleet, Strong Balance Sheet And Market Tailwinds
Jan 25DHT Holdings Is Cheap In The Short Run But Beware Of Its Long-Term Risks
Jan 17DHT Holdings, Inc.'s (NYSE:DHT) P/S Is On The Mark
Dec 29DHT Holdings: Analysts' Consensus Sets Forward Dividend Yields At 13-15%
Nov 06DHT Holdings (NYSE:DHT) Seems To Use Debt Quite Sensibly
Oct 23DHT Holdings (NYSE:DHT) Might Have The Makings Of A Multi-Bagger
Oct 03Why We Bought DHT Holdings Recently
Sep 12DHT Holdings: Printing Cash At Attractive Valuation
Jul 19Is DHT Holdings (NYSE:DHT) A Risky Investment?
Jul 13DHT Holdings: Riding The Wave Of VLCC Rates
Jun 29DHT Holdings Is Riding Some Volatile Spot Rates In The VLCC Market
May 26DHT Holdings (NYSE:DHT) Is Looking To Continue Growing Its Returns On Capital
May 08DHT Holdings (NYSE:DHT) Has A Pretty Healthy Balance Sheet
Mar 26DHT Holdings goes ex-dividend tomorrow
Feb 15DHT expects Q4 TCE earnings of $56.9k per day
Jan 09Does DHT Holdings (NYSE:DHT) Have A Healthy Balance Sheet?
Dec 14Ride The Energy Bull With TC Energy And DHT Holdings
Oct 07DHT Holdings announces new dividend policy
Sep 08DHT Holdings offloads DHT Edelweiss for $37M
Aug 29DHT Holdings: We Do See A Glimmer Of Hope
Aug 16DHT Holdings (NYSE:DHT) Is Carrying A Fair Bit Of Debt
Aug 03DHT Holdings: Recovery Dependent On VLCC Rates Catching Up
Jul 11Sell Petrobras And Buy DHT For A Rising Inventory And Oil Restocking Environment
Jun 29DHT Holdings: Market Recovery Being Pushed Further Out
May 12The Consensus EPS Estimates For DHT Holdings, Inc. (NYSE:DHT) Just Fell A Lot
May 12We Think DHT Holdings (NYSE:DHT) Has A Fair Chunk Of Debt
Mar 22DHT Holdings: The Best House In A Bad Neighborhood
Feb 13DHT Has A Competitive Advantage With A Strong Balance Sheet And Conservative Management
Nov 21Does DHT Holdings (NYSE:DHT) Have A Healthy Balance Sheet?
Nov 17These Return Metrics Don't Make DHT Holdings (NYSE:DHT) Look Too Strong
Oct 20DHT Holdings: The Patient Shall Be Rewarded
Sep 07Financial Position Analysis
Short Term Liabilities: DHT's short term assets ($203.4M) exceed its short term liabilities ($61.7M).
Long Term Liabilities: DHT's short term assets ($203.4M) do not cover its long term liabilities ($366.5M).
Debt to Equity History and Analysis
Debt Level: DHT's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: DHT's debt to equity ratio has reduced from 106.8% to 38.1% over the past 5 years.
Debt Coverage: DHT's debt is well covered by operating cash flow (64.1%).
Interest Coverage: DHT's interest payments on its debt are well covered by EBIT (6.9x coverage).