Dynagas LNG Partners Balance Sheet Health
Financial Health criteria checks 2/6
Dynagas LNG Partners has a total shareholder equity of $476.0M and total debt of $331.6M, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $840.7M and $436.2M respectively. Dynagas LNG Partners's EBIT is $75.7M making its interest coverage ratio 2.8. It has cash and short-term investments of $52.0M.
Key information
69.7%
Debt to equity ratio
US$331.62m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$52.02m |
| Equity | US$476.00m |
| Total liabilities | US$436.20m |
| Total assets | US$840.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DLNG.PRB's short term assets ($63.9M) do not cover its short term liabilities ($71.5M).
Long Term Liabilities: DLNG.PRB's short term assets ($63.9M) do not cover its long term liabilities ($364.7M).
Debt to Equity History and Analysis
Debt Level: DLNG.PRB's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: DLNG.PRB's debt to equity ratio has reduced from 294% to 69.7% over the past 5 years.
Debt Coverage: DLNG.PRB's debt is well covered by operating cash flow (24.1%).
Interest Coverage: DLNG.PRB's interest payments on its debt are not well covered by EBIT (2.8x coverage).