KNOT Offshore Partners Balance Sheet Health
Financial Health criteria checks 0/6
KNOT Offshore Partners has a total shareholder equity of $607.5M and total debt of $956.8M, which brings its debt-to-equity ratio to 157.5%. Its total assets and total liabilities are $1.6B and $989.0M respectively. KNOT Offshore Partners's EBIT is $71.9M making its interest coverage ratio 1.1. It has cash and short-term investments of $63.9M.
Key information
157.5%
Debt to equity ratio
US$956.79m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$63.92m |
| Equity | US$607.48m |
| Total liabilities | US$989.01m |
| Total assets | US$1.60b |
Recent financial health updates
No updates
Recent updates
KNOT Offshore Partners: Some Progress But Outlook Just Got More Clouded
Feb 27KNOT Offshore Partners: No Distribution Increase Anytime Soon - Hold
Dec 14KNOT Offshore Partners: More Bad News
Aug 31KNOT Offshore Partners: Main Concerns Regarding Leverage And Liquidity
Aug 16KNOT Offshore Partners: Progress On The Refinancing Front But Concerns Remain
May 30KNOT Offshore Partners: 3 Reasons Not To Jump Aboard This Ship
Jan 19KNOT Offshore Partners Cuts Common Unit Distribution By 95%, Now What?
Jan 12KNOT Offshore Partners: Lots Of Issues Ahead
Dec 19KNOT Offshore Partners: Brace For A Distribution Cut
Nov 02KNOT Offshore Partners goes ex dividend tomorrow
Oct 25KNOT Offshore Partners reports Q2 results
Aug 24KNOT Offshore Partners declares $0.52 dividend
Jul 14Knot Offshore Partners acquires KNOT Shuttle Tankers 35 AS
Jul 01KNOT Offshore Partners: Strong And Consistent Dividend Yield
Jun 17KNOT Offshore Partners LP: 12% Yield, No K-1, Steady Dividends
Apr 01KNOT Offshore Partners LP: Steady Dividend In Q4, 13% Yield, No K-1
Jan 16KNOT Offshore Partners: IDR Elimination Lining Up For A Distribution Cut
Jan 10KNOT Offshore Partners: Entering Stormy Seas In 2022, Distribution Cut Might Be In The Cards
Dec 01KNOT Offshore Partners: Time To Think About Taking Profits Off The Table
Oct 22KNOT Offshore Partners LP: 11% Yield, No K-1
Oct 10Knot Offshore Partners: Keep Going
Aug 16KNOT Offshore Partners: The Second Quarter Will Be Critical For The 11% Yield
May 31Financial Position Analysis
Short Term Liabilities: KNOP's short term assets ($89.8M) do not cover its short term liabilities ($127.6M).
Long Term Liabilities: KNOP's short term assets ($89.8M) do not cover its long term liabilities ($861.4M).
Debt to Equity History and Analysis
Debt Level: KNOP's net debt to equity ratio (147%) is considered high.
Reducing Debt: KNOP's debt to equity ratio has increased from 147.2% to 157.5% over the past 5 years.
Debt Coverage: KNOP's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: KNOP's interest payments on its debt are not well covered by EBIT (1.1x coverage).