Castor Maritime Balance Sheet Health
Financial Health criteria checks 5/6
Castor Maritime has a total shareholder equity of $553.6M and total debt of $42.9M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $602.3M and $48.7M respectively. Castor Maritime's EBIT is $14.7M making its interest coverage ratio -8. It has cash and short-term investments of $294.1M.
Key information
7.7%
Debt to equity ratio
US$42.86m
Debt
| Interest coverage ratio | -8x |
| Cash | US$294.11m |
| Equity | US$553.59m |
| Total liabilities | US$48.67m |
| Total assets | US$602.27m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1C1's short term assets ($302.1M) exceed its short term liabilities ($30.1M).
Long Term Liabilities: 1C1's short term assets ($302.1M) exceed its long term liabilities ($18.6M).
Debt to Equity History and Analysis
Debt Level: 1C1 has more cash than its total debt.
Reducing Debt: 1C1's debt to equity ratio has increased from 0% to 7.7% over the past 5 years.
Debt Coverage: 1C1's debt is well covered by operating cash flow (86.2%).
Interest Coverage: 1C1 earns more interest than it pays, so coverage of interest payments is not a concern.