Performance Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Performance Shipping has a total shareholder equity of $266.0M and total debt of $49.3M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are $320.8M and $67.0M respectively. Performance Shipping's EBIT is $43.5M making its interest coverage ratio 3.8. It has cash and short-term investments of $69.5M.
Key information
18.5%
Debt to equity ratio
US$49.32m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$69.52m |
| Equity | US$265.99m |
| Total liabilities | US$66.96m |
| Total assets | US$320.83m |
Recent financial health updates
Health Check: How Prudently Does Performance Shipping (NASDAQ:PSHG) Use Debt?
Aug 12
Is Performance Shipping (NASDAQ:PSHG) Using Too Much Debt?
Feb 02
Recent updates
Performance Shipping (NASDAQ:PSHG) Is Investing Its Capital With Increasing Efficiency
Oct 04There's Been No Shortage Of Growth Recently For Performance Shipping's (NASDAQ:PSHG) Returns On Capital
Jul 04Performance Shipping (NASDAQ:PSHG) Is Experiencing Growth In Returns On Capital
Mar 04Performance Shipping to acquire Aframax tanker vessel for $35M
Sep 30Performance Shipping announces time charter contract for LR2 Aframax oil product tanker
Sep 22Performance Shipping terminates ATM offering agreement with H.C. Wainwright
Aug 22Performance Shipping plummets on pricing $15M in stock offering
Aug 12Health Check: How Prudently Does Performance Shipping (NASDAQ:PSHG) Use Debt?
Aug 12Performance Shipping GAAP EPS of $0.10, revenue of $16.71M
Aug 04Performance Shipping charters M/T Blue Moon tanker vessel for $23K/day
Jul 28Performance receives Nasdaq notification regarding minimum bid price requirement
Jul 18Performance Shipping takes delivery of Aframax Tanker Vessel
Jul 05Performance Shipping GAAP EPS of -$3.43, revenue of $8.57M
Jun 29Performance Shipping: Equity Offering Dilutes Common Shareholders At A 95% Discount To Net Asset Value - Sell
May 30Assessing Performance Shipping's Extended Tender Offer
Jan 27Performance Shipping - Assessing Recent Common Share Exchange Offer
Jan 07Performance Shipping (NASDAQ:PSHG) Shareholders Will Want The ROCE Trajectory To Continue
May 06Performance Shipping: Aggressive Fleet Expansion Targets Likely To Result In Material Dilution Again
Apr 21We Think That There Are Issues Underlying Performance Shipping's (NASDAQ:PSHG) Earnings
Mar 12Is Performance Shipping (NASDAQ:PSHG) Using Too Much Debt?
Feb 02Can Performance Shipping (NASDAQ:PSHG) Continue To Grow Its Returns On Capital?
Dec 11Performance Shipping reports Q3 results
Nov 16Performance Shipping: On Momentum Watch After Reverse Stock Split Reduces Free Float To Just 2.7 Million Shares
Nov 02Financial Position Analysis
Short Term Liabilities: PSHG's short term assets ($69.5M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: PSHG's short term assets ($69.5M) exceed its long term liabilities ($54.8M).
Debt to Equity History and Analysis
Debt Level: PSHG has more cash than its total debt.
Reducing Debt: PSHG's debt to equity ratio has increased from 17.2% to 18.5% over the past 5 years.
Debt Coverage: PSHG's debt is well covered by operating cash flow (119.3%).
Interest Coverage: PSHG's interest payments on its debt are well covered by EBIT (3.8x coverage).