Tsakos Energy Navigation Balance Sheet Health
Financial Health criteria checks 2/6
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 $2.0B respectively. Tsakos Energy Navigation's EBIT is $263.1M making its interest coverage ratio 2.8. It has cash and short-term investments of $472.4M.
Key information
101.7%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$472.45m |
| Equity | US$1.75b |
| Total liabilities | US$2.02b |
| Total assets | US$3.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TK41's short term assets ($577.2M) exceed its short term liabilities ($436.4M).
Long Term Liabilities: TK41's short term assets ($577.2M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: TK41's net debt to equity ratio (74.7%) 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 not well covered by operating cash flow (16.7%).
Interest Coverage: TK41's interest payments on its debt are not well covered by EBIT (2.8x coverage).