Pacific Basin Shipping Balance Sheet Health
Financial Health criteria checks 6/6
Pacific Basin Shipping has a total shareholder equity of $1.8B and total debt of $300.4M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are $2.4B and $634.5M respectively. Pacific Basin Shipping's EBIT is $124.2M making its interest coverage ratio 17.8. It has cash and short-term investments of $261.4M.
Key information
16.7%
Debt to equity ratio
US$300.40m
Debt
Interest coverage ratio | 17.8x |
Cash | US$261.40m |
Equity | US$1.80b |
Total liabilities | US$634.53m |
Total assets | US$2.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCFB.F's short term assets ($539.2M) exceed its short term liabilities ($353.0M).
Long Term Liabilities: PCFB.F's short term assets ($539.2M) exceed its long term liabilities ($281.5M).
Debt to Equity History and Analysis
Debt Level: PCFB.F's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: PCFB.F's debt to equity ratio has reduced from 78.1% to 16.7% over the past 5 years.
Debt Coverage: PCFB.F's debt is well covered by operating cash flow (117.6%).
Interest Coverage: PCFB.F's interest payments on its debt are well covered by EBIT (17.8x coverage).