2020 Bulkers Balance Sheet Health
Financial Health criteria checks 3/6
2020 Bulkers has a total shareholder equity of $161.0M and total debt of $139.9M, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are $376.1M and $215.1M respectively. 2020 Bulkers's EBIT is $35.5M making its interest coverage ratio 3.2. It has cash and short-term investments of $34.7M.
Key information
86.9%
Debt to equity ratio
US$139.90m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$34.70m |
| Equity | US$161.00m |
| Total liabilities | US$215.10m |
| Total assets | US$376.10m |
Recent financial health updates
Does 2020 Bulkers (OB:2020) Have A Healthy Balance Sheet?
Apr 12
Here's Why 2020 Bulkers (OB:2020) Has A Meaningful Debt Burden
Feb 02Is 2020 Bulkers (OB:2020) Using Too Much Debt?
Feb 10Recent updates
Does 2020 Bulkers (OB:2020) Have A Healthy Balance Sheet?
Apr 12Need To Know: Analysts Just Made A Substantial Cut To Their 2020 Bulkers Ltd. (OB:2020) Estimates
Aug 13Investors Will Want 2020 Bulkers' (OB:2020) Growth In ROCE To Persist
Feb 25Here's Why 2020 Bulkers (OB:2020) Has A Meaningful Debt Burden
Feb 02The Trend Of High Returns At 2020 Bulkers (OB:2020) Has Us Very Interested
Oct 07Investors Don't See Light At End Of 2020 Bulkers Ltd.'s (OB:2020) Tunnel
May 21Is 2020 Bulkers (OB:2020) Using Too Much Debt?
Feb 10Investors Will Want 2020 Bulkers' (OB:2020) Growth In ROCE To Persist
Jan 22Financial Position Analysis
Short Term Liabilities: 2020's short term assets ($38.7M) exceed its short term liabilities ($26.0M).
Long Term Liabilities: 2020's short term assets ($38.7M) do not cover its long term liabilities ($189.1M).
Debt to Equity History and Analysis
Debt Level: 2020's net debt to equity ratio (65.3%) is considered high.
Reducing Debt: 2020's debt to equity ratio has increased from 0% to 86.9% over the past 5 years.
Debt Coverage: 2020's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 2020's interest payments on its debt are well covered by EBIT (3.2x coverage).