2020 Bulkers Balance Sheet Health
Financial Health criteria checks 3/6
2020 Bulkers has a total shareholder equity of $160.2M and total debt of $109.9M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $276.9M and $116.7M respectively. 2020 Bulkers's EBIT is $87.7M making its interest coverage ratio 9.4. It has cash and short-term investments of $19.2M.
Key information
68.6%
Debt to equity ratio
US$109.90m
Debt
| Interest coverage ratio | 9.4x |
| Cash | US$19.20m |
| Equity | US$160.20m |
| Total liabilities | US$116.70m |
| Total assets | US$276.90m |
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 02Recent updates
2020 Bulkers Ltd.'s (OB:2020) Intrinsic Value Is Potentially 59% Above Its Share Price
Oct 012020 Bulkers Ltd. Just Beat Revenue Estimates By 112%
Aug 18Revenue Beat: 2020 Bulkers Ltd. Exceeded Revenue Forecasts By 111% And Analysts Are Updating Their Estimates
May 11Does 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 07Financial Position Analysis
Short Term Liabilities: 2020's short term assets ($25.4M) exceed its short term liabilities ($6.8M).
Long Term Liabilities: 2020's short term assets ($25.4M) do not cover its long term liabilities ($109.9M).
Debt to Equity History and Analysis
Debt Level: 2020's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 2020's debt to equity ratio has increased from 0% to 68.6% over the past 5 years.
Debt Coverage: 2020's debt is well covered by operating cash flow (48.7%).
Interest Coverage: 2020's interest payments on its debt are well covered by EBIT (9.4x coverage).