Star Bulk Carriers Balance Sheet Health
Financial Health criteria checks 3/6
Star Bulk Carriers has a total shareholder equity of $1.7B and total debt of $1.2B, which brings its debt-to-equity ratio to 73.4%. Its total assets and total liabilities are $3.0B and $1.4B respectively. Star Bulk Carriers's EBIT is $196.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $233.5M.
Key information
73.4%
Debt to equity ratio
US$1.22b
Debt
Interest coverage ratio | 3.4x |
Cash | US$233.52m |
Equity | US$1.66b |
Total liabilities | US$1.37b |
Total assets | US$3.03b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4FAP's short term assets ($454.4M) exceed its short term liabilities ($359.4M).
Long Term Liabilities: 4FAP's short term assets ($454.4M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: 4FAP's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: 4FAP's debt to equity ratio has increased from 54.9% to 73.4% over the past 5 years.
Debt Coverage: 4FAP's debt is well covered by operating cash flow (27.5%).
Interest Coverage: 4FAP's interest payments on its debt are well covered by EBIT (3.4x coverage).