Tsakos Energy Navigation Balance Sheet Health
Financial Health criteria checks 3/6
Tsakos Energy Navigation has a total shareholder equity of $1.8B and total debt of $1.8B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are $3.8B and $2.3B respectively. Tsakos Energy Navigation's EBIT is $266.7M making its interest coverage ratio 2.9. It has cash and short-term investments of $476.4M.
Key information
101.7%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$476.43m |
| Equity | US$1.75b |
| Total liabilities | US$2.34b |
| Total assets | US$3.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TK41's short term assets ($476.4M) exceed its short term liabilities ($323.2M).
Long Term Liabilities: TK41's short term assets ($476.4M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: TK41's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: TK41's debt to equity ratio has reduced from 103.6% to 101.7% over the past 5 years.
Debt Coverage: TK41's debt is well covered by operating cash flow (22.2%).
Interest Coverage: TK41's interest payments on its debt are not well covered by EBIT (2.9x coverage).