Höegh Autoliners Balance Sheet Health
Financial Health criteria checks 5/6
Höegh Autoliners has a total shareholder equity of $1.2B and total debt of $355.4M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are $1.9B and $718.7M respectively. Höegh Autoliners's EBIT is $586.1M making its interest coverage ratio 40.5. It has cash and short-term investments of $207.0M.
Key information
30.5%
Debt to equity ratio
US$355.37m
Debt
Interest coverage ratio | 40.5x |
Cash | US$207.01m |
Equity | US$1.17b |
Total liabilities | US$718.70m |
Total assets | US$1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOEG.F's short term assets ($376.1M) exceed its short term liabilities ($287.6M).
Long Term Liabilities: HOEG.F's short term assets ($376.1M) do not cover its long term liabilities ($431.1M).
Debt to Equity History and Analysis
Debt Level: HOEG.F's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: HOEG.F's debt to equity ratio has reduced from 98.6% to 30.5% over the past 5 years.
Debt Coverage: HOEG.F's debt is well covered by operating cash flow (207.2%).
Interest Coverage: HOEG.F's interest payments on its debt are well covered by EBIT (40.5x coverage).