2020 Bulkers Balance Sheet Health
Financial Health criteria checks 3/6
2020 Bulkers has a total shareholder equity of $157.9M and total debt of $110.0M, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $274.1M and $116.2M respectively. 2020 Bulkers's EBIT is $93.9M making its interest coverage ratio 12.5. It has cash and short-term investments of $21.2M.
Key information
69.7%
Debt to equity ratio
US$110.00m
Debt
| Interest coverage ratio | 12.5x |
| Cash | US$21.20m |
| Equity | US$157.90m |
| Total liabilities | US$116.20m |
| Total assets | US$274.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0FF's short term assets ($24.7M) exceed its short term liabilities ($6.2M).
Long Term Liabilities: 0FF's short term assets ($24.7M) do not cover its long term liabilities ($110.0M).
Debt to Equity History and Analysis
Debt Level: 0FF's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: 0FF's debt to equity ratio has increased from 45.3% to 69.7% over the past 5 years.
Debt Coverage: 0FF's debt is well covered by operating cash flow (55.6%).
Interest Coverage: 0FF's interest payments on its debt are well covered by EBIT (12.5x coverage).