Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 3/6
Okeanis Eco Tankers has a total shareholder equity of $408.1M and total debt of $693.9M, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are $1.1B and $721.0M respectively. Okeanis Eco Tankers's EBIT is $201.1M making its interest coverage ratio 3.6. It has cash and short-term investments of $50.2M.
Key information
170.0%
Debt to equity ratio
US$693.94m
Debt
Interest coverage ratio | 3.6x |
Cash | US$50.22m |
Equity | US$408.13m |
Total liabilities | US$720.98m |
Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7OK's short term assets ($137.9M) exceed its short term liabilities ($105.6M).
Long Term Liabilities: 7OK's short term assets ($137.9M) do not cover its long term liabilities ($615.4M).
Debt to Equity History and Analysis
Debt Level: 7OK's net debt to equity ratio (157.7%) is considered high.
Reducing Debt: 7OK's debt to equity ratio has increased from 107.4% to 170% over the past 5 years.
Debt Coverage: 7OK's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 7OK's interest payments on its debt are well covered by EBIT (3.6x coverage).