DHT Holdings, Inc. (NYSE:DHT) Q3 2022 Results Conference Call November 8, 2022 8:00 AM ET
Company Participants
Laila Halvorsen - Chief Financial Officer
Svein Moxnes Harfjeld - President & Chief Executive Officer
Conference Call Participants
Frode Morkedal - Clarksons
Jonathan Chappell - Evercore ISI
Macalla Rogers - Stifel
Omar Nokta - Jefferies
Chris Tsung - Webber Research
Anders Karlsen - Kepler Cheuvreux
Operator
Good day, and thank you for standing by. Welcome to the Q3 2022 DHT Holdings Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speakers today, Laila Halvorsen, CFO. Please go ahead.
Laila Halvorsen
Thank you. Good morning and good afternoon, everyone. Welcome and thank you for joining DHT Holdings third quarter 2022 earnings call. I'm joined by DHT's President and CEO, Svein Moxnes Harfjeld. As usual, we will go through financials and some highlights before we open up for your questions. The link to the slide deck can be found on our website, dhtankers.com.
Before we get started with today's call, I would like to make the following remarks. A replay of this conference call will be available at our website, dhtankers.com, until November 15th. In addition, our earnings press release will be available on our website and on the SEC EDGAR system as an exhibit to our Form 6-K.
As a reminder, on this conference call, we will discuss matters that are forward-looking in nature. These forward-looking statements are based on our current expectations about future events as detailed in our financial report. Actual results may differ materially from the expectations reflected in these forward-looking statements. We urge you to read our periodic reports available on our website and on the SEC EDGAR system, including the risk factors in these reports for more information regarding risks that we face.
The company continued to show a very strong and healthy balance sheet and the quarter ended with $65.7 million of cash. In addition at quarter end, the company's availability under both revolving credit facility was $235 million, putting total liquidity at $301 million as of September 30th. Financial leverage is about 22.6% based on market values for the ship and net debt for vessel was $15.4 million at quarter end, which is significantly below current scrap values.