Frontline Ltd. (FRO) quarterly balance sheet — complete assets, liabilities & equity history
Frontline Ltd. (FRO) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | 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 |
|---|
| Total Current Assets | 912.4M | 959.14M | 707.25M | 599.91M | 887.84M | 835.56M | 826.01M | 782.25M | 859.27M | 839.71M | 727.93M | 855.8M | 897.58M | 833.47M | 881.05M | 693.12M | 573.85M | 355.73M | 332.75M | 320.49M |
| Cash & Short-Term Investments | 322.31M | 471.67M | 253.41M | 191.65M | 478.7M | 438.42M | 417.56M | 326.31M | 367.48M | 303.51M | 315.75M | 515.58M | 519.14M | 458.47M | 490.81M | 340.61M | 286M | 113.88M | 115.51M | 124.95M |
| Cash Only | 321.42M | 470.76M | 251.35M | 189.43M | 476.72M | 436.54M | 413.53M | 320.88M | 359.24M | 297.35M | 308.32M | 285.38M | 306.82M | 225.36M | 254.53M | 127.36M | 119.81M | 111.18M | 113.07M | 122.06M |
| Short-Term Investments | 883K | 913K | 2.07M | 2.22M | 1.99M | 1.88M | 4.03M | 5.43M | 8.25M | 6.16M | 7.43M | 230.2M | 212.31M | 233.11M | 236.28M | 213.26M | 166.19M | 2.7M | 2.44M | 2.89M |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 151.93M | 0 | 186.52M | 0 | 143.94M | 160.59M | 252.49M | 0 | 237.15M | 0 | 122.55M | 118.99M | 85.21M | 54.65M |
| Days Sales Outstanding | - | - | - | - | - | - | 32.84 | - | 30.53 | - | 33.76 | 50.39 | 44.81 | - | 41.15 | - | 36.58 | 42.26 | 30.13 | 35.07 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 286.4M | 0 | 245.22M | 0 | 211.43M | 0 | 217.75M | 0 | 0 | 135.96M | 119.28M | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 76.87 | - | 85.76 | - | 74.72 | - | 76.32 | - | - | 58.68 | 56.72 | - |
| Other Current Assets | 590.1M | 487.47M | 453.84M | 408.26M | 409.13M | 397.15M | 256.52M | 455.93M | 18.98M | 536.2M | 7.26M | 179.63M | 17.87M | 375M | 31.73M | 352.5M | 165.3M | 24.71M | 3.85M | 140.9M |
| Total Non-Current Assets | 4.9B | 4.71B | 5.05B | 5.11B | 5.22B | 5.3B | 5.39B | 5.5B | 5.59B | 5.78B | 5.15B | 3.74B | 3.8B | 3.89B | 3.9B | 3.86B | 3.79B | 3.71B | 3.78B | 3.67B |
| Property, Plant & Equipment | 4.76B | 4.57B | 4.91B | 4.98B | 5.09B | 5.17B | 5.25B | 5.36B | 5.44B | 5.62B | 4.64B | 3.57B | 3.63B | 3.71B | 3.71B | 3.67B | 3.63B | 3.56B | 3.66B | 3.52B |
| Fixed Asset Turnover | 0.20x | 0.15x | 0.13x | 0.09x | 0.09x | 0.08x | 0.08x | 0.09x | 0.10x | 0.11x | 0.10x | 0.10x | 0.14x | 0.13x | 0.14x | 0.10x | 0.08x | 0.06x | 0.06x | 0.05x |
| Goodwill | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M | 112.45M |
| 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 | 32.54M | 20.15M | 8.79M | 8.78M | 9.48M | 9.3M | 11.79M | 11.51M | 42.26M | 13.6M | 51.5M | 12.27M | 13.96M | 12.74M | 16.3M | 13.67M | 6.51M | 463K | 555K | 555K |
| Other Non-Current Assets | 0 | 5.56M | 13.14M | 10.84M | 13.08M | 15.55M | 22.42M | 21.59M | 0 | 35.66M | 355.48M | 52.71M | 52.71M | 48.75M | 56.89M | 58.95M | 44.14M | 32.52M | 14.12M | 5.59M |
| Total Assets | 5.81B | 5.67B | 5.75B | 5.71B | 6.11B | 6.14B | 6.22B | 6.28B | 6.45B | 6.62B | 5.88B | 4.6B | 4.7B | 4.72B | 4.78B | 4.55B | 4.37B | 4.06B | 4.12B | 3.99B |
| Asset Turnover | 0.16x | 0.13x | 0.11x | 0.07x | 0.08x | 0.07x | 0.07x | 0.08x | 0.09x | 0.09x | 0.08x | 0.08x | 0.11x | 0.10x | 0.11x | 0.09x | 0.07x | 0.05x | 0.05x | 0.04x |
| Asset Growth % | -4.86% | -7.7% | -7.51% | -9.12% | -5.3% | -7.33% | 5.75% | 36.6% | 37.21% | 40.36% | 23.17% | 1.13% | 7.71% | 16.21% | 16.01% | 14.05% | 9.63% | 3.39% | 5.08% | 0.12% |
| Total Current Liabilities | 487.99M | 471.5M | 494.71M | 438.3M | 473.48M | 457.9M | 595.65M | 547.68M | 621.81M | 479.11M | 409.05M | 476.94M | 467.57M | 474.96M | 391.66M | 424.61M | 542.84M | 538.13M | 292.68M | 267.47M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 5.99M | 0 | 111.13M | 0 | 7.8M | 64.21M | 63.4M | 0 | 7.99M | 0 | 0 | 8.66M | 2.33M | 4.92M |
| Days Payables Outstanding | - | - | - | - | - | - | 1.76 | - | 29.83 | - | 12.59 | 23.72 | 22.41 | - | 2.8 | - | - | 2.53 | 1.72 | 2.61 |
| Short-Term Debt | 265.91M | 279.59M | 320.52M | 293.56M | 317.63M | 319.4M | 460.32M | 402.15M | 455.04M | 324.53M | 262M | 365.04M | 362.55M | 365.23M | 277.85M | 256.92M | 416.88M | 434.48M | 198.66M | 166.73M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -459K | 0 | 0 | -64.21M | -63.4M | 0 | 0 | 0 | -11.89M | 0 | 3.12M | 69.77M |
| Other Current Liabilities | 222.07M | 191.91M | 174.19M | 0 | 0 | 0 | 76.85M | 0 | 54.05M | 0 | 65.23M | 0 | 40.55M | 0 | 40.56M | 133.19M | 112.97M | 46.59M | 93.39M | 52.59M |
| Current Ratio | 1.87x | 2.03x | 1.43x | 1.37x | 1.88x | 1.82x | 1.39x | 1.43x | 1.38x | 1.75x | 1.78x | 1.79x | 1.92x | 1.75x | 2.25x | 1.63x | 1.06x | 0.66x | 1.14x | 1.20x |
| Quick Ratio | 1.87x | 2.03x | 1.43x | 1.37x | 1.88x | 1.82x | 1.39x | 1.43x | 0.92x | 1.75x | 1.18x | 1.79x | 1.47x | 1.75x | 1.69x | 1.63x | 1.06x | 0.41x | 0.73x | 1.20x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | 77.57 | - | 106.92 | - | 97.12 | - | 114.67 | - | - | 98.42 | 85.12 | - |
| Total Non-Current Liabilities | 2.17B | 2.35B | 2.75B | 2.95B | 3.27B | 3.35B | 3.28B | 3.39B | 3.4B | 3.77B | 3.2B | 1.9B | 1.94B | 2.02B | 2.12B | 2.1B | 1.92B | 1.84B | 2.17B | 2.14B |
| Long-Term Debt | 2.17B | 2.35B | 2.75B | 2.95B | 3.27B | 3.35B | 3.28B | 3.39B | 3.4B | 3.77B | 3.19B | 1.89B | 1.93B | 2.02B | 2.11B | 2.09B | 1.91B | 1.8B | 2.13B | 2.09B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 451K | 686K | 942K | 1.19M | 1.43M | 1.68M | 1.91M | 2.14M | 2.37M | 2.63M | 2.84M | 41.57M | 43.98M | 46.39M |
| 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 | 1.14M | 1.73M | 818K | 759K | 526K | 466K | 452K | 466K | 463K | 460K | 472K | 5.38M | 3.36M | 3.32M | 2.05M | 1.45M | 1.4M | 1.24M | -4.68M | 915K |
| Total Liabilities | 2.66B | 2.82B | 3.24B | 3.39B | 3.74B | 3.81B | 3.88B | 3.94B | 4.03B | 4.25B | 3.61B | 2.37B | 2.41B | 2.5B | 2.51B | 2.52B | 2.46B | 2.38B | 2.46B | 2.41B |
| Total Debt | 2.43B | 2.63B | 3.07B | 3.24B | 3.59B | 3.67B | 3.75B | 3.79B | 3.86B | 4.09B | 3.46B | 2.26B | 2.3B | 2.39B | 2.37B | 2.35B | 2.33B | 2.28B | 2.37B | 2.31B |
| Net Debt | 2.11B | 2.16B | 2.82B | 3.05B | 3.11B | 3.23B | 3.33B | 3.47B | 3.5B | 3.8B | 3.15B | 1.97B | 1.99B | 2.16B | 2.12B | 2.23B | 2.21B | 2.17B | 2.26B | 2.19B |
| Debt / Equity | 0.77x | 0.93x | 1.22x | 1.39x | 1.52x | 1.58x | 1.60x | 1.61x | 1.59x | 1.72x | 1.52x | 1.01x | 1.00x | 1.07x | 1.05x | 1.16x | 1.22x | 1.36x | 1.43x | 1.46x |
| Debt / EBITDA | 3.65x | 5.90x | 8.52x | 17.99x | 16.76x | 21.04x | 17.60x | 16.56x | 11.36x | 12.07x | 17.46x | 13.05x | 7.41x | 8.05x | 7.95x | 15.29x | 21.81x | 36.98x | 40.50x | 119.68x |
| Net Debt / EBITDA | 3.17x | 4.84x | 7.82x | 16.93x | 14.53x | 18.54x | 15.66x | 15.15x | 10.31x | 11.19x | 15.91x | 11.40x | 6.42x | 7.29x | 7.10x | 14.46x | 20.69x | 35.18x | 38.57x | 113.37x |
| Interest Coverage | 16.92x | 9.20x | 5.49x | 1.71x | 2.36x | 1.56x | 1.89x | 1.79x | 3.58x | 3.56x | 3.01x | 3.83x | 8.13x | 5.39x | 4.42x | 17.06x | 6.08x | 1.19x | 2.46x | -1.18x |
| Total Equity | 3.15B | 2.84B | 2.51B | 2.33B | 2.37B | 2.33B | 2.34B | 2.35B | 2.43B | 2.38B | 2.28B | 2.23B | 2.3B | 2.22B | 2.27B | 2.03B | 1.91B | 1.68B | 1.65B | 1.58B |
| Equity Growth % | 33.32% | 21.98% | 7.27% | -0.97% | -2.46% | -2% | 2.76% | 5.48% | 5.64% | 6.98% | 0.43% | 9.78% | 20.45% | 31.93% | 37.22% | 28.15% | 18.16% | 2.64% | 2.54% | -2.44% |
| Book Value per Share | 14.17 | 12.76 | 11.28 | 10.44 | 10.63 | 10.46 | 10.51 | 10.55 | 10.90 | 10.67 | 10.23 | 10.00 | 10.31 | 9.98 | 10.20 | 9.06 | 9.31 | 8.27 | 8.35 | 8.10 |
| Total Shareholders' Equity | 3.16B | 2.84B | 2.51B | 2.33B | 2.37B | 2.33B | 2.34B | 2.35B | 2.43B | 2.38B | 2.28B | 2.23B | 2.3B | 2.22B | 2.27B | 2.03B | 1.91B | 1.68B | 1.65B | 1.58B |
| Common Stock | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 222.62M | 203.53M | 203.53M | 203.53M | 198.03M |
| Retained Earnings | 1.32B | 1.01B | 1.68B | 1.5B | 533.7M | 496.23M | 507.47M | 516.43M | 594M | 1.55B | 446M | 394.42M | 464.77M | 389.93M | 428.51M | 196.16M | 75.11M | 28.02M | -3.13M | -22.92M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1B | 1B | 437K | 409K | 1.59M | 1.68M | 1.78M | 610K | 861K | 1.07M | 415K | 533K | 585K | 507K | 454K | 496K | 424K | 227K | 228K | 150K |
| Minority Interest | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K | -472K |