DHT Holdings, Inc. (NYSE:DHT) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET
Company Participants
Laila Halvorsen - CFO
Svein Moxnes Harfjeld - President and CEO
Conference Call Participants
Jon Chappell - Evercore ISI
Chris Robertson - Jefferies
Frode Morkeda - Clarksons Securities
Chris Tsung - Webber Research
Operator
Good day and thank you for standing by. Welcome to the DHT Holding’s Q1 2022 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 to May 10, 2022 [Operator Instructions]
I would now like to hand the conference over to your speakers today, Laila Halvorsen, CFO, and Svein Moxnes Harfjeld CEO and President of the company. Please go ahead.
Laila Halvorsen
Thank you. Good morning and good afternoon everyone. Welcome and thank you for joining DHT Holdings first 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 May 17th. 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 reporting. 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 continues to show a very strong and healthy balance sheet and the quarter ended with $58.6 million of cash. At quarter-end, the company's availability under both revolving credit facilities was $476.8 million, putting total liquidity at $235 million as of March 31. Financial leverage is about 30% based on market values for the ships and net debt per vessel was $17.8 million at quarter-end, which is a below current scrap price.