2020 Bulkers Balance Sheet Health
Financial Health criteria checks 3/6
2020 Bulkers has a total shareholder equity of $178.9M and total debt of $138.3M, which brings its debt-to-equity ratio to 77.3%. Its total assets and total liabilities are $359.2M and $180.3M respectively. 2020 Bulkers's EBIT is $63.7M making its interest coverage ratio 5.6. It has cash and short-term investments of $55.5M.
Key information
77.3%
Debt to equity ratio
US$138.30m
Debt
Interest coverage ratio | 5.6x |
Cash | US$55.50m |
Equity | US$178.90m |
Total liabilities | US$180.30m |
Total assets | US$359.20m |
Recent financial health updates
Does 2020 Bulkers (OB:2020) Have A Healthy Balance Sheet?
Apr 12Here's Why 2020 Bulkers (OB:2020) Has A Meaningful Debt Burden
Feb 02Recent updates
Revenue 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 07Investors Don't See Light At End Of 2020 Bulkers Ltd.'s (OB:2020) Tunnel
May 21Financial Position Analysis
Short Term Liabilities: 2020's short term assets ($105.6M) exceed its short term liabilities ($52.0M).
Long Term Liabilities: 2020's short term assets ($105.6M) do not cover its long term liabilities ($128.3M).
Debt to Equity History and Analysis
Debt Level: 2020's net debt to equity ratio (46.3%) is considered high.
Reducing Debt: 2020's debt to equity ratio has increased from 0% to 77.3% over the past 5 years.
Debt Coverage: 2020's debt is well covered by operating cash flow (36%).
Interest Coverage: 2020's interest payments on its debt are well covered by EBIT (5.6x coverage).