EuroDry Balance Sheet Health
Financial Health criteria checks 1/6
EuroDry has a total shareholder equity of $116.7M and total debt of $97.3M, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are $219.9M and $103.2M respectively. EuroDry's EBIT is $5.0M making its interest coverage ratio 0.7. It has cash and short-term investments of $4.4M.
Key information
83.4%
Debt to equity ratio
US$97.31m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$4.41m |
| Equity | US$116.68m |
| Total liabilities | US$103.18m |
| Total assets | US$219.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LQ's short term assets ($19.0M) do not cover its short term liabilities ($19.4M).
Long Term Liabilities: 0LQ's short term assets ($19.0M) do not cover its long term liabilities ($83.7M).
Debt to Equity History and Analysis
Debt Level: 0LQ's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: 0LQ's debt to equity ratio has reduced from 106.7% to 83.4% over the past 5 years.
Debt Coverage: 0LQ's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: 0LQ's interest payments on its debt are not well covered by EBIT (0.7x coverage).