Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 3/6
Okeanis Eco Tankers has a total shareholder equity of $428.4M and total debt of $693.7M, which brings its debt-to-equity ratio to 161.9%. Its total assets and total liabilities are $1.1B and $720.1M respectively. Okeanis Eco Tankers's EBIT is $191.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $103.9M.
Key information
161.9%
Debt to equity ratio
US$693.68m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$103.87m |
| Equity | US$428.44m |
| Total liabilities | US$720.11m |
| Total assets | US$1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OETO's short term assets ($166.2M) exceed its short term liabilities ($88.7M).
Long Term Liabilities: OETO's short term assets ($166.2M) do not cover its long term liabilities ($631.4M).
Debt to Equity History and Analysis
Debt Level: OETO's net debt to equity ratio (137.7%) is considered high.
Reducing Debt: OETO's debt to equity ratio has increased from 136.4% to 161.9% over the past 5 years.
Debt Coverage: OETO's debt is well covered by operating cash flow (24.1%).
Interest Coverage: OETO's interest payments on its debt are well covered by EBIT (3.3x coverage).