HAFNHafnia Limited
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -50% · now at/near its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can HAFN take a bad year?
Hafnia Limited carries $713M of net debt at 0.83× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.83×
Net debt / EBITDA
- Interest cover
- 11.7×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 40%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2025
- $1.03B
- Cash and short-term investments
- $313M
- Net debt
- $713M
- EBITDA, trailing twelve months
- $863M
- Operating profit, trailing twelve months
- $654M
- Debt / equity
- 0.45×
- Total debt / EBITDA
- 1.19×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −50%
- Below its 52-week high
- 1.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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