Frontline Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Frontline Ltd.'s balance sheet done over the years? Its assets were worth $5,882,766,000 last year, which is more than in the previous period. 61% of Frontline Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $3,605,420,000, which means an increase by 44% compared compared to last year.
Debt to Assets
| 2014 | 962179000 | 1.03B | 107.34% |
|---|---|---|---|
| 2015 | 2886654000 | 1.44B | 49.9% |
| 2016 | 2966317000 | 1.46B | 49.44% |
| 2017 | 3133728000 | 1.94B | 62.1% |
| 2018 | 3077841000 | 1.91B | 62.17% |
| 2019 | 3697818000 | 2.18B | 59.16% |
| 2020 | 3918221000 | 2.30B | 58.87% |
| 2021 | 4117098000 | 2.46B | 59.86% |
| 2022 | 4776125000 | 2.50B | 52.52% |
| 2023 | 5882766000 | 3.60B | 61.29% |
FRO Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 308.32M | 254.52M | 113.07M | 174.72M | 174.22M | 66.48M | 104.14M | 202.40M | 264.52M | 64.08M |
Short term investments | 7.43M | 236.28M | 2.43M | 2.63M | 1.12M | 836K | 19.23M | 8.42M | 13.85M | 5.65M |
Net receivables | 143.93M | 1K | 85.20M | 77.17M | 104.29M | 78.94M | 78.11M | 73.59M | 96.72M | 52.14M |
Inventory | 245.22M | 80.78M | 119.27M | 92.56M | 138.00M | 128.20M | 99.96M | 83.04M | 77.94M | 69.29M |
Other current assets | 23.01M | 390.24M | 217.23M | 180.19M | 260.14M | 231.11M | 11.02M | 172.11M | 9.03M | 42.07M |
Total current assets | 727.92M | 881.05M | 332.74M | 378.31M | 448.48M | 308.24M | 321.61M | 383.62M | 467.46M | 233.24M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 4.63B | 3.70B | 3.65B | 3.41B | 3.05B | 2.61B | 2.67B | 2.32B | 2.14B | 622.43M |
Goodwill | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 225.27M | 225.27M | 0 |
Intangible assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term investments | 51.50M | 16.30M | 555K | 1.27M | 15.74M | 17.22M | 21.78M | 30.90M | 40.65M | 105.79M |
Other non-current assets | 355.48M | 56.88M | 12.73M | 7.19M | 9.42M | 20.23M | 4.45M | 4.35M | 417K | 708K |
Total non-current assets | 5.15B | 3.89B | 3.78B | 3.53B | 3.24B | 2.76B | 2.81B | 2.58B | 2.41B | 728.93M |
Total assets | 5.88B | 4.77B | 4.11B | 3.91B | 3.69B | 3.07B | 3.13B | 2.96B | 2.88B | 962.17M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 3.12M | 5.68M | 4.97M | 304K | 1.65M | 6.30M | 19.17M | 490K |
Short term debt | 263.10M | 259.37M | 198.00M | 179.44M | 727.34M | 132.33M | 156.39M | 123.87M | 147.37M | 244.34M |
Total current liabilities | 409.05M | 391.65M | 292.67M | 281.36M | 848.12M | 214.21M | 222M | 182.74M | 242.03M | 328.58M |
| Non-current liabilities: | ||||||||||
Long term debt | 3.19B | 2.11B | 2.17B | 2.02B | 1.33B | 1.69B | 1.72B | 1.28B | 1.19B | 702.14M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 472K | 2.05M | 992K | 3.73M | 1.06M | 1.18M | 1.32M | 3.11M | 2.84M | 2.09M |
Total non-current liabilities | 3.19B | 2.11B | 2.17B | 2.02B | 1.33B | 1.69B | 1.72B | 1.28B | 1.19B | 704.24M |
Total liabilities | 3.60B | 2.50B | 2.46B | 2.30B | 2.18B | 1.91B | 1.94B | 1.46B | 1.44B | 1.03B |
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