Is Himalaya Shipping financially healthy?
Not really
Himalaya Shipping carries heavy debt: it would take 6.7 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA6.7 years
Cash vs. debt$32M vs. $689M
Current ratio1.1×Short-term assets for each $1 of bills due within a year
Interest coverage1.3×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Himalaya Shipping
Data as of Nov 13, 2026.