How much debt does SFL have?
According to SFL's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
SFL's total debt stands at $2.84B. This is broken down into:
- Long-term debt: $2.15B
- Short-term debt: $689.04M
The company's net debt, which accounts for cash and cash equivalents, is $2.70B. In terms of overall financial obligations, SFL's total liabilities amount to $2.98B.
Debt Ratios and Metrics
To better understand SFL's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 2.52 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 69.12% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 1.71 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 65.58% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 71.56% - this indicates the total debt in the company's capital structure.
These metrics provide insight into SFL's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$2.84B
Long-term Debt
$2.15B
Short-term Debt
$689.04M
Net Debt
$2.70B
Total Liabilities
$2.98B
Interest Coverage
1.71
Debt to Equity Ratio
2.52
Debt Ratio
69.12%
SFL Historical Debt Metrics
SFL Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $2.84B | $2.15B | $689.04M | $2.70B | $2.98B | 2.52 | 69.12% | 1.71 | 65.58% | 71.56% |
| 2023 | $2.57B | $1.71B | $852.26M | $2.40B | $2.69B | 2.47 | 68.77% | 1.46 | 62.25% | 71.17% |
| 2022 | $2.67B | $1.70B | $977.18M | $2.49B | $2.77B | 2.45 | 69.25% | 2.50 | 53.98% | 71.02% |
| 2021 | $2.41B | $2.06B | $354.71M | $2.27B | $2.48B | 2.46 | 69.77% | 2.69 | 61.76% | 71.07% |
| 2020 | $2.22B | $1.69B | $535.41M | $2.01B | $2.30B | 2.79 | 71.84% | 1.59 | 59.40% | 73.63% |
| 2019 | $2.71B | $2.39B | $328.00M | $2.51B | $2.78B | 2.45 | 69.87% | 1.66 | 55.05% | 71.04% |
| 2018 | $2.61B | $2.28B | $379.99M | $2.40B | $2.70B | 2.21 | 67.28% | 1.13 | 49.93% | 68.86% |
| 2017 | $1.50B | $1.42B | $322.85M | $1.35B | $1.82B | 1.26 | 49.93% | 1.90 | 49.90% | 55.72% |
| 2016 | $1.55B | $1.50B | $178.55M | $1.49B | $1.80B | 1.37 | 52.87% | 2.76 | 54.85% | 57.79% |
| 2015 | $1.67B | $1.46B | $208.03M | $1.60B | $1.82B | 1.34 | 54.37% | 2.82 | 54.01% | 57.30% |
Related Metrics
Explore detailed financial metrics and analysis for SFL.