2020 Bulkers Balance Sheet Health
Financial Health criteria checks 3/6
2020 Bulkers has a total shareholder equity of $157.9M and total debt of $110.0M, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $274.1M and $116.2M respectively. 2020 Bulkers's EBIT is $93.9M making its interest coverage ratio 12.5. It has cash and short-term investments of $21.2M.
Key information
69.7%
Debt to equity ratio
US$110.00m
Debt
| Interest coverage ratio | 12.5x |
| Cash | US$21.20m |
| Equity | US$157.90m |
| Total liabilities | US$116.20m |
| Total assets | US$274.10m |
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 02Recent updates
2020 Bulkers (OB:2020) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 202020 Bulkers (OB:2020) Is Paying Out Less In Dividends Than Last Year
Nov 192020 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 02Financial Position Analysis
Short Term Liabilities: 2020's short term assets ($24.7M) exceed its short term liabilities ($6.2M).
Long Term Liabilities: 2020's short term assets ($24.7M) do not cover its long term liabilities ($110.0M).
Debt to Equity History and Analysis
Debt Level: 2020's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: 2020's debt to equity ratio has increased from 45.3% to 69.7% over the past 5 years.
Debt Coverage: 2020's debt is well covered by operating cash flow (55.6%).
Interest Coverage: 2020's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
2020 Bulkers Ltd. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gregory Lewis | BTIG |
| Hans Rettedal Christiansen | Danske Bank |
| Jørgen Lian | DNB Markets |