Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 1/6
Okeanis Eco Tankers has a total shareholder equity of $422.2M and total debt of $739.0M, which brings its debt-to-equity ratio to 175%. Its total assets and total liabilities are $1.2B and $761.1M respectively. Okeanis Eco Tankers's EBIT is $110.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $81.3M.
Key information
175.0%
Debt to equity ratio
US$739.04m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$81.35m |
| Equity | US$422.24m |
| Total liabilities | US$761.11m |
| Total assets | US$1.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7OK's short term assets ($154.4M) exceed its short term liabilities ($92.9M).
Long Term Liabilities: 7OK's short term assets ($154.4M) do not cover its long term liabilities ($668.3M).
Debt to Equity History and Analysis
Debt Level: 7OK's net debt to equity ratio (155.8%) is considered high.
Reducing Debt: Insufficient data to determine if 7OK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 7OK's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: 7OK's interest payments on its debt are not well covered by EBIT (2.9x coverage).