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HSHP · NYSE · United States · Deep Sea Foreign Transportation Of Freight
In shortHimalaya Shipping Ltd. is profitable, generates cash and carries heavy debt, with revenue growing (+6.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 51.7% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 13.4% | 74/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.2% | 56/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.3% | 42/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.08× | 24/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 4.26× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 6.74× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.33× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.94 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 39.2% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.92× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 2 | 100/100 |
| Revenue growth volatility | 162.7% | 0/100 |
| Operating margin volatility | 7.6% | 40/100 |
Weight in the score: 20%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 0 | 37 | 124 | 132 |
| Cost of revenue | 0 | 8.6 | 24 | 28 |
| Gross profit | 0 | 28 | 100 | 104 |
| Operating income | (2) | 15 | 67 | 68 |
| Interest expense | 0 | 14 | 47 | 51 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | (2) | 1.5 | 21 | 18 |
| Diluted EPS | −$0.06 | $0.04 | $0.48 | $0.38 |
| Diluted shares (millions) | 32 | 39 | 44 | 46 |
The last 4 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 4 quarters of Himalaya Shipping Ltd. are included in the Investor plan. Try free for 7 days →
0.94 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Aug 11, 2026