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 $292.9M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are $2.4B and $605.5M respectively. Pacific Basin Shipping's EBIT is $104.5M making its interest coverage ratio 13.1. It has cash and short-term investments of $260.7M.
Key information
16.2%
Debt to equity ratio
US$292.88m
Debt
| Interest coverage ratio | 13.1x |
| Cash | US$260.69m |
| Equity | US$1.80b |
| Total liabilities | US$605.53m |
| Total assets | US$2.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCFB.F's short term assets ($570.6M) exceed its short term liabilities ($335.0M).
Long Term Liabilities: PCFB.F's short term assets ($570.6M) exceed its long term liabilities ($270.6M).
Debt to Equity History and Analysis
Debt Level: PCFB.F's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: PCFB.F's debt to equity ratio has reduced from 81% to 16.2% over the past 5 years.
Debt Coverage: PCFB.F's debt is well covered by operating cash flow (103.2%).
Interest Coverage: PCFB.F's interest payments on its debt are well covered by EBIT (13.1x coverage).