Frontline Balance Sheet Health
Financial Health criteria checks 3/6
Frontline has a total shareholder equity of $2.3B and total debt of $3.5B, which brings its debt-to-equity ratio to 151.8%. Its total assets and total liabilities are $5.9B and $3.6B respectively. Frontline's EBIT is $724.7M making its interest coverage ratio 6.2. It has cash and short-term investments of $315.8M.
Key information
151.8%
Debt to equity ratio
US$3.46b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$315.75m |
| Equity | US$2.28b |
| Total liabilities | US$3.61b |
| Total assets | US$5.88b |
Recent financial health updates
These 4 Measures Indicate That Frontline (NYSE:FRO) Is Using Debt Extensively
Mar 03
Frontline (NYSE:FRO) Seems To Use Debt Quite Sensibly
Oct 10Is Frontline (NYSE:FRO) Using Too Much Debt?
Jun 19Frontline (NYSE:FRO) Has A Somewhat Strained Balance Sheet
Feb 19These 4 Measures Indicate That Frontline (NYSE:FRO) Is Using Debt Extensively
Oct 13Recent updates
Frontline: How Geopolitical Shifts Are Steering Growth For Tanker Operations
Apr 23Here's Why Frontline (NYSE:FRO) Has Caught The Eye Of Investors
Apr 22Frontline plc (NYSE:FRO) Shares Could Be 28% Below Their Intrinsic Value Estimate
Mar 22Frontline Benefiting From Red Sea Disruptions
Mar 08These 4 Measures Indicate That Frontline (NYSE:FRO) Is Using Debt Extensively
Mar 03Frontline: Robust Fundamentals And High Returns
Feb 28The Market Doesn't Like What It Sees From Frontline plc's (NYSE:FRO) Earnings Yet
Jan 26Frontline: Still A Buy At The High Price
Jan 13Should You Be Adding Frontline (NYSE:FRO) To Your Watchlist Today?
Jan 08Frontline: Industrial Demand Confirms The Potential Upside
Dec 06Frontline: Top 2024 Long Position
Nov 24Frontline: Aggressively Buying Cash Flow In A Tight Tanker Market
Nov 01Frontline plc (NYSE:FRO) Shares Could Be 24% Below Their Intrinsic Value Estimate
Oct 26Frontline: An Enticing Tanker Stock With Generous Dividend Yields
Oct 24Frontline (NYSE:FRO) Seems To Use Debt Quite Sensibly
Oct 10We Ran A Stock Scan For Earnings Growth And Frontline (NYSE:FRO) Passed With Ease
Sep 27Frontline: Spot Rates Have Been Volatile
Sep 27Frontline's (NYSE:FRO) Upcoming Dividend Will Be Larger Than Last Year's
Aug 28Frontline: Sailing Ahead Of The Pack
Aug 27Returns Are Gaining Momentum At Frontline (NYSE:FRO)
Aug 03Frontline Gets An Upgrade To Buy
Jul 14Calculating The Intrinsic Value Of Frontline plc (NYSE:FRO)
Jul 04Is Frontline (NYSE:FRO) Using Too Much Debt?
Jun 19Broker Revenue Forecasts For Frontline plc (NYSE:FRO) Are Surging Higher
Jun 03Frontline: China Is Helping, But Will It Last?
Jun 02Returns Are Gaining Momentum At Frontline (NYSE:FRO)
Mar 31Frontline (NYSE:FRO) Has A Somewhat Strained Balance Sheet
Feb 19Frontline: Dynamic Tanker Markets And Ongoing Merger Drama (Podcast Transcript)
Feb 08Frontline: Favorable Market Conditions Warrant Optimism
Dec 15Frontline Ltd.'s (NYSE:FRO) Intrinsic Value Is Potentially 72% Above Its Share Price
Dec 05Frontline (NYSE:FRO) Might Be Having Difficulty Using Its Capital Effectively
Nov 17Frontline Ltd.: Our Estimate For Q3 Earnings And Dividend
Nov 10These 4 Measures Indicate That Frontline (NYSE:FRO) Is Using Debt Extensively
Oct 13Frontline goes ex-dividend tomorrow
Sep 14Frontline: Up 57% YTD With More To Come
Sep 04Financial Position Analysis
Short Term Liabilities: FRO's short term assets ($727.9M) exceed its short term liabilities ($409.1M).
Long Term Liabilities: FRO's short term assets ($727.9M) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: FRO's net debt to equity ratio (137.9%) is considered high.
Reducing Debt: FRO's debt to equity ratio has increased from 148.7% to 151.8% over the past 5 years.
Debt Coverage: FRO's debt is well covered by operating cash flow (24.8%).
Interest Coverage: FRO's interest payments on its debt are well covered by EBIT (6.2x coverage).