Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 3/6
Okeanis Eco Tankers has a total shareholder equity of $408.1M and total debt of $693.9M, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are $1.1B and $721.0M respectively. Okeanis Eco Tankers's EBIT is $201.1M making its interest coverage ratio 3.5. It has cash and short-term investments of $50.0M.
Key information
170.0%
Debt to equity ratio
US$693.94m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$49.99m |
| Equity | US$408.13m |
| Total liabilities | US$720.98m |
| Total assets | US$1.13b |
Recent financial health updates
Is Okeanis Eco Tankers (OB:OET) Using Too Much Debt?
Mar 19
Okeanis Eco Tankers (OB:OET) Has A Pretty Healthy Balance Sheet
Nov 14Okeanis Eco Tankers (OB:OET) Takes On Some Risk With Its Use Of Debt
Aug 06Does Okeanis Eco Tankers (OB:OET) Have A Healthy Balance Sheet?
Mar 22Okeanis Eco Tankers (OB:OET) Seems To Be Using A Lot Of Debt
Oct 19These 4 Measures Indicate That Okeanis Eco Tankers (OB:OET) Is Using Debt In A Risky Way
Apr 06Recent updates
Is Now The Time To Put Okeanis Eco Tankers (OB:OET) On Your Watchlist?
Apr 15Is Okeanis Eco Tankers (OB:OET) Using Too Much Debt?
Mar 19Earnings Working Against Okeanis Eco Tankers Corp.'s (OB:OET) Share Price
Feb 17With EPS Growth And More, Okeanis Eco Tankers (OB:OET) Makes An Interesting Case
Jan 02Under The Bonnet, Okeanis Eco Tankers' (OB:OET) Returns Look Impressive
Dec 01Okeanis Eco Tankers (OB:OET) Has A Pretty Healthy Balance Sheet
Nov 14Is Okeanis Eco Tankers Corp. (OB:OET) Trading At A 40% Discount?
Nov 01With EPS Growth And More, Okeanis Eco Tankers (OB:OET) Makes An Interesting Case
Sep 04Okeanis Eco Tankers (OB:OET) Takes On Some Risk With Its Use Of Debt
Aug 06Okeanis Eco Tankers (OB:OET) Is Experiencing Growth In Returns On Capital
Jul 19Estimating The Fair Value Of Okeanis Eco Tankers Corp. (OB:OET)
Jun 03Growth Investors: Industry Analysts Just Upgraded Their Okeanis Eco Tankers Corp. (OB:OET) Revenue Forecasts By 11%
May 14Investors Will Want Okeanis Eco Tankers' (OB:OET) Growth In ROCE To Persist
Apr 13Does Okeanis Eco Tankers (OB:OET) Have A Healthy Balance Sheet?
Mar 22This Analyst Just Made An Incredible Upgrade To Their Okeanis Eco Tankers Corp. (OB:OET) Earnings Forecasts
Nov 18Investors Appear Satisfied With Okeanis Eco Tankers Corp.'s (OB:OET) Prospects As Shares Rocket 30%
Nov 12Is Okeanis Eco Tankers Corp. (OB:OET) Trading At A 46% Discount?
Nov 08Okeanis Eco Tankers (OB:OET) Seems To Be Using A Lot Of Debt
Oct 19The Returns At Okeanis Eco Tankers (OB:OET) Aren't Growing
Sep 21Investors Met With Slowing Returns on Capital At Okeanis Eco Tankers (OB:OET)
May 19These 4 Measures Indicate That Okeanis Eco Tankers (OB:OET) Is Using Debt In A Risky Way
Apr 06Here's Why Okeanis Eco Tankers (OB:OET) Is Weighed Down By Its Debt Load
Dec 15Some Okeanis Eco Tankers Corp. (OB:OET) Analysts Just Made A Major Cut To Next Year's Estimates
Aug 15Some Analysts Just Cut Their Okeanis Eco Tankers Corp. (OB:OET) Estimates
Jul 01Does Okeanis Eco Tankers (OB:OET) Have A Healthy Balance Sheet?
May 11Returns On Capital Are Showing Encouraging Signs At Okeanis Eco Tankers (OB:OET)
Apr 21Do Okeanis Eco Tankers's (OB:OET) Earnings Warrant Your Attention?
Mar 22Should You Use Okeanis Eco Tankers' (OB:OET) Statutory Earnings To Analyse It?
Feb 22Financial Position Analysis
Short Term Liabilities: OET's short term assets ($137.9M) exceed its short term liabilities ($105.6M).
Long Term Liabilities: OET's short term assets ($137.9M) do not cover its long term liabilities ($615.4M).
Debt to Equity History and Analysis
Debt Level: OET's net debt to equity ratio (157.8%) is considered high.
Reducing Debt: OET's debt to equity ratio has increased from 107.4% to 170% over the past 5 years.
Debt Coverage: OET's debt is well covered by operating cash flow (25.1%).
Interest Coverage: OET's interest payments on its debt are well covered by EBIT (3.5x coverage).