SFL Corporation Ltd. (SFL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 255.31M | 259.22M | 380.6M | 283.73M | 327.27M | 316.02M | 373.31M | 381.1M | 321.71M | 298.06M | 229.02M | 321.05M | 297.75M | 296.98M | 291.31M | 330.97M | 260.14M | 250.32M | 374.78M | 496.76M |
| Cash & Short-Term Investments | 133.78M | 154.97M | 281.68M | 158.68M | 177.6M | 138.29M | 168.39M | 190.72M | 180.43M | 170.6M | 124.25M | 207.33M | 192.29M | 195.65M | 188.01M | 232.51M | 160.28M | 156.59M | 261.83M | 381.63M |
| Cash Only | 127.56M | 150.83M | 278.23M | 155.82M | 173.94M | 134.55M | 163.81M | 186.06M | 168.15M | 165.49M | 118.03M | 201.47M | 185.19M | 188.36M | 178.68M | 223.82M | 149.29M | 145.62M | 250.7M | 371.85M |
| Short-Term Investments | 6.21M | 4.15M | 3.45M | 2.86M | 3.66M | 3.74M | 4.58M | 4.66M | 12.28M | 5.1M | 6.22M | 5.87M | 7.1M | 7.28M | 9.33M | 7.9M | 10.98M | 10.97M | 11.12M | 9.77M |
| Accounts Receivable | 8.6M | 6.94M | 19.85M | 12.02M | 30.25M | 149.56M | 150.59M | 130.05M | 123.01M | 104.74M | 25.41M | 30.09M | 2.82M | 65.88M | 26.93M | 17.36M | 19.86M | 21.65M | 14.71M | 12.44M |
| Days Sales Outstanding | 4.01 | 7.22 | 8.36 | 10.2 | 43.67 | 61.38 | 51.08 | 61.51 | 45.7 | 28.57 | 12.56 | 9.22 | 18.06 | 21.98 | 12.32 | 11.05 | 9.44 | 11 | 9.22 | 6.27 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 17.39M | 0 | 0 | 0 | 11.73M | 0 | 0 | 0 | 16.39M | 16.73M | 14.26M | 10.97M | 10.12M | 13.32M | 11.09M |
| Days Inventory Outstanding | - | - | - | - | - | 9.71 | - | - | - | 8.13 | - | - | - | 12.69 | 28.14 | 13.28 | 7.91 | 12.68 | 14.45 | 14.97 |
| Other Current Assets | 112.93M | 97.3M | 79.08M | 113.04M | 119.42M | 10.78M | 54.33M | 60.32M | 18.27M | 10.99M | 79.36M | 83.62M | 102.63M | 1.94M | 46.37M | 58.57M | 61.94M | 57.5M | 77.07M | 81.33M |
| Total Non-Current Assets | 3.3B | 3.38B | 3.47B | 3.67B | 3.7B | 3.79B | 3.73B | 3.49B | 3.46B | 3.43B | 3.44B | 3.49B | 3.48B | 3.56B | 3.4B | 3.26B | 3.35B | 3.21B | 3.15B | 2.7B |
| Property, Plant & Equipment | 3.22B | 3.3B | 3.39B | 3.59B | 3.63B | 3.55B | 3.65B | 3.38B | 3.35B | 3.23B | 3.31B | 3.3B | 3.28B | 3.27B | 3.08B | 2.99B | 3.03B | 2.89B | 2.83B | 2.24B |
| Fixed Asset Turnover | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.06x | 0.07x | 0.06x | 0.07x | 0.06x | 0.06x | 0.05x | 0.05x | 0.06x | 0.05x | 0.05x | 0.07x | 0.05x | 0.05x | 0.05x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 60.73M | 15.83M | 15.96M | 16.07M | 16.27M | 16.38M | 16.46M | 16.49M | 49.65M | 16.47M | 98.61M | 146.39M | 16.51M | 191.85M | 44.31M | 36.56M | 30.95M | 18.8M | 17.29M | 29.82M |
| Other Non-Current Assets | 19.52M | 59.39M | 60.4M | 60.52M | 58.94M | 223.07M | 62.53M | 84.76M | 58.78M | 188.67M | 36.96M | 41.79M | 184.15M | 107.22M | 274.86M | 236.44M | 283.03M | 303.53M | 299.42M | 426.88M |
| Total Assets | 3.56B | 3.64B | 3.85B | 3.95B | 4.03B | 4.11B | 4.1B | 3.87B | 3.78B | 3.73B | 3.67B | 3.81B | 3.78B | 3.86B | 3.69B | 3.59B | 3.61B | 3.46B | 3.53B | 3.19B |
| Asset Turnover | 0.05x | 0.05x | 0.04x | 0.05x | 0.05x | 0.05x | 0.06x | 0.05x | 0.06x | 0.06x | 0.05x | 0.04x | 0.04x | 0.05x | 0.05x | 0.04x | 0.06x | 0.04x | 0.04x | 0.04x |
| Asset Growth % | -11.82% | -11.43% | -6.08% | 2.2% | 6.74% | 10.09% | 11.66% | 1.6% | -0.06% | -3.37% | -0.53% | 6.03% | 4.81% | 11.62% | 4.68% | 12.4% | 17.84% | 11.84% | -1.41% | -13.94% |
| Total Current Liabilities | 804.3M | 710.33M | 904.21M | 942.49M | 723.56M | 827.86M | 747.08M | 1.11B | 1.09B | 969.2M | 712.38M | 588.93M | 784.48M | 1.06B | 1.1B | 860.19M | 394.57M | 400.32M | 547.75M | 460.23M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 34.3M | 0 | 0 | 0 | 30.26M | 0 | 0 | 0 | 7.89M | 4.55M | 2.98M | 3.57M | 1.77M | 3.1M | 1.24M |
| Days Payables Outstanding | - | - | - | - | - | 19.15 | - | - | - | 20.97 | - | - | - | 4.77 | 6.84 | 3.45 | 2 | 2.63 | 2.56 | 1.67 |
| Short-Term Debt | 723.26M | 605.94M | 813.12M | 825.18M | 623.49M | 689.04M | 395.28M | 570.99M | 577.11M | 432.92M | 595.03M | 402.72M | 647.57M | 974.92M | 967.31M | 760.49M | 298.56M | 303.51M | 449.79M | 371.27M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 23.67M | 0 | 0 | 0 | 31.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 81.04M | 104.38M | 89.07M | 115.5M | 100.07M | 18.05M | 129.09M | 150.74M | 109.79M | 12.64M | 117.35M | 186.22M | 82.62M | 73.8M | 48.46M | 25.34M | 22.13M | 24M | 24.05M | 19.89M |
| Current Ratio | 0.32x | 0.36x | 0.42x | 0.30x | 0.45x | 0.38x | 0.50x | 0.34x | 0.29x | 0.31x | 0.32x | 0.55x | 0.38x | 0.28x | 0.27x | 0.38x | 0.66x | 0.63x | 0.68x | 1.08x |
| Quick Ratio | 0.32x | 0.36x | 0.42x | 0.30x | 0.45x | 0.36x | 0.50x | 0.34x | 0.29x | 0.30x | 0.32x | 0.55x | 0.38x | 0.27x | 0.25x | 0.37x | 0.63x | 0.60x | 0.66x | 1.06x |
| Cash Conversion Cycle | - | - | - | - | - | 51.93 | - | - | - | 15.73 | - | - | - | 29.91 | 33.62 | 20.88 | 15.35 | 21.05 | 21.1 | 19.56 |
| Total Non-Current Liabilities | 1.79B | 1.97B | 1.95B | 2B | 2.26B | 2.15B | 2.21B | 1.72B | 1.63B | 1.72B | 1.92B | 2.17B | 1.93B | 1.71B | 1.52B | 1.68B | 2.2B | 2.08B | 2.06B | 1.83B |
| Long-Term Debt | 1.78B | 1.96B | 1.95B | 1.99B | 1.6B | 2.15B | 1.49B | 978.37M | 1.63B | 1.71B | 1.68B | 1.76B | 1.5B | 1.28B | 1.07B | 1.21B | 1.73B | 1.59B | 1.56B | 1.33B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 657.44M | 0 | 716.1M | 733.52M | 0 | 0 | 222.66M | 391.55M | 405.49M | 419.34M | 432.96M | 446.43M | 459.77M | 473M | 486M | 498.82M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7.64M | 6.42M | 7.39M | 6.81M | 970K | 1.07M | 8.47M | 5.78M | 3.31M | 8.97M | 12.02M | 12.42M | 23.5M | 14.36M | 19.7M | 25.8M | 9.52M | 10.05M | 9.37M | 8.29M |
| Total Liabilities | 2.59B | 2.68B | 2.86B | 2.94B | 2.98B | 2.98B | 2.96B | 2.83B | 2.73B | 2.69B | 2.63B | 2.76B | 2.71B | 2.77B | 2.62B | 2.54B | 2.59B | 2.48B | 2.61B | 2.29B |
| Total Debt | 2.5B | 2.57B | 2.76B | 2.82B | 2.88B | 2.84B | 2.82B | 2.67B | 2.61B | 2.57B | 2.5B | 2.56B | 2.6B | 2.67B | 2.52B | 2.47B | 2.54B | 2.42B | 2.55B | 2.25B |
| Net Debt | 2.37B | 2.42B | 2.48B | 2.66B | 2.7B | 2.7B | 2.66B | 2.49B | 2.44B | 2.4B | 2.38B | 2.36B | 2.42B | 2.49B | 2.35B | 2.25B | 2.39B | 2.28B | 2.3B | 1.87B |
| Debt / Equity | 2.59x | 2.67x | 2.78x | 2.79x | 2.74x | 2.52x | 2.48x | 2.58x | 2.49x | 2.47x | 2.40x | 2.43x | 2.44x | 2.45x | 2.36x | 2.36x | 2.50x | 2.46x | 2.77x | 2.49x |
| Debt / EBITDA | 25.19x | 28.30x | 25.61x | 26.04x | 26.78x | 22.35x | 18.07x | 22.22x | 18.36x | 19.57x | 20.67x | 24.83x | 25.80x | 32.11x | 22.33x | 19.61x | 20.27x | 16.31x | 27.33x | 28.55x |
| Net Debt / EBITDA | 23.91x | 26.63x | 23.03x | 24.60x | 25.16x | 21.29x | 17.03x | 20.68x | 17.17x | 18.31x | 19.70x | 22.87x | 23.96x | 29.85x | 20.75x | 17.84x | 19.08x | 15.33x | 24.64x | 23.82x |
| Interest Coverage | 1.18x | - | 1.19x | 1.08x | 0.35x | 1.52x | 1.88x | 1.49x | 2.12x | 1.76x | 1.50x | 1.09x | 1.36x | 2.24x | 2.35x | 3.13x | 2.39x | 4.24x | 2.35x | 1.72x |
| Total Equity | 964.83M | 960.86M | 991.59M | 1.01B | 1.05B | 1.13B | 1.14B | 1.04B | 1.05B | 1.04B | 1.04B | 1.05B | 1.07B | 1.09B | 1.07B | 1.05B | 1.01B | 982.33M | 920.46M | 901.32M |
| Equity Growth % | -8.32% | -14.85% | -12.99% | -2.57% | 0.19% | 8.57% | 9.28% | -1.44% | -1.72% | -4.75% | -2.67% | 0.43% | 5.37% | 11.09% | 16.4% | 16.11% | 24.24% | 23.46% | -0.77% | -3.5% |
| Book Value per Share | 7.26 | 7.24 | 7.47 | 7.60 | 7.86 | 8.42 | 8.65 | 8.23 | 8.34 | 8.27 | 8.29 | 8.29 | 8.43 | 8.61 | 8.45 | 8.25 | 8.00 | 7.75 | 7.77 | 7.14 |
| Total Shareholders' Equity | 964.83M | 960.86M | 991.59M | 1.01B | 1.05B | 1.13B | 1.14B | 1.04B | 1.05B | 1.04B | 1.04B | 1.05B | 1.07B | 1.09B | 1.07B | 1.05B | 1.01B | 982.33M | 920.46M | 901.32M |
| Common Stock | 0 | 960.86M | 1.47M | 1.47M | 1.47M | 1.47M | 1.47M | 1.39M | 0 | 1.39M | 1.39M | 1.39M | 1.07B | 1.39M | 1.39M | 1.39M | 1.39M | 1.39M | 1.39M | 1.38M |
| Retained Earnings | 0 | 0 | -21.78M | -30.41M | -31.87M | 0 | 8.06M | 0 | 0 | 960K | 1.29M | 2.42M | 0 | 40.02M | 20.72M | 0 | -41.41M | -92.72M | -172.84M | -206.05M |
| Treasury Stock | 0 | 0 | -20.2M | -20.2M | -14.24M | -10.17M | -10.17M | -10.17M | 0 | -10.17M | -10.17M | -4.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -4.67M | -4.24M | -1.04M | 3.21M | 270K | 1.25M | 0 | 4.5M | 7.98M | 10.13M | 0 | 8.71M | 8.46M | 4.69M | 2.23M | -9.19M | -13.46M | -14.09M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |