Tsakos Energy Navigation Balance Sheet Health
Financial Health criteria checks 1/6
Tsakos Energy Navigation has a total shareholder equity of $1.7B and total debt of $1.8B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are $3.7B and $2.4B respectively. Tsakos Energy Navigation's EBIT is $270.6M making its interest coverage ratio 2.7. It has cash and short-term investments of $385.9M.
Key information
101.7%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$385.90m |
| Equity | US$1.75b |
| Total liabilities | US$2.40b |
| Total assets | US$3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TK41's short term assets ($385.9M) do not cover its short term liabilities ($436.4M).
Long Term Liabilities: TK41's short term assets ($385.9M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: TK41's net debt to equity ratio (79.7%) is considered high.
Reducing Debt: TK41's debt to equity ratio has reduced from 104.7% to 101.7% over the past 5 years.
Debt Coverage: TK41's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: TK41's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 13:26 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tsakos Energy Navigation Limited is covered by 24 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Clinton Webb | Axia Capital Markets, LLC |
| Donald McLee | Berenberg |