DHT Holdings (DHT) Financials

DHT Holdings Inc (DHT) is a global independent crude oil tanker company that owns and operates a fleet of double-hull tankers. The company provides transportation services for crude oil and petroleum products to oil companies, government agencies, and other customers worldwide. DHT operates through its subsidiaries and joint ventures, which are engaged in various aspects of the shipping industry, including chartering, vessel operations, and technical management. Its fleet comprises VLCCs (Very Large Crude Carriers), Aframax, and Suezmax tankers. The company's revenue primarily comes from the time charter contracts it enters into with oil companies and traders.

In terms of financial performance, DHT has consistently generated strong revenues over the years. According to its income statement, the company reported a total revenue of $490.5 million in the most recent fiscal year. Its gross profit stood at $137.2 million, reflecting its ability to generate income from its operations. The company's net income from stockholders amounted to $78.3 million, indicating its profitability and ability to provide returns to its shareholders. DHT's earnings before interest and taxes (EBIT) were $106 million, and its earnings before interest, taxes, depreciation, and amortization (EBITDA) were $218.6 million.

Looking at DHT's balance sheet, the company has a strong financial position. Its total assets reached $2.1 billion, demonstrating the value of its fleet and other investments. DHT's total liabilities amounted to $1.4 billion, resulting in a healthy stockholders' equity of $713 million. The company has managed its debt well, with total debt of $967 million. DHT also holds cash equivalents of $112.5 million, providing it with liquidity and financial flexibility.

In terms of cash flow, DHT has a positive operating cash flow, which indicates its ability to generate cash from its core operations. The company's operating cash flow for the most recent fiscal year was $147.8 million. DHT's investing cash flow was negative, primarily due to investments in its fleet and other capital expenditures. Its financing cash flow was positive, reflecting capital raised through debt and equity financing activities. The company's free cash flow, which represents the cash flow available to be distributed to shareholders or reinvested in the business, was $134.6 million.

Overall, DHT Holdings Inc (DHT) demonstrates strong financial performance and stability. With its robust fleet, consistent revenue generation, and focus on financial discipline, the company is well-positioned in the global tanker shipping industry.