GoodBulk Balance Sheet Health
Financial Health criteria checks 5/6
GoodBulk has a total shareholder equity of $93.5M and total debt of $31.6M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are $139.3M and $45.8M respectively.
Key information
33.8%
Debt to equity ratio
US$31.59m
Debt
| Interest coverage ratio | n/a |
| Cash | US$16.01m |
| Equity | US$93.55m |
| Total liabilities | US$45.77m |
| Total assets | US$139.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BULK's short term assets ($72.2M) exceed its short term liabilities ($21.9M).
Long Term Liabilities: BULK's short term assets ($72.2M) exceed its long term liabilities ($23.9M).
Debt to Equity History and Analysis
Debt Level: BULK's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: BULK's debt to equity ratio has reduced from 47.2% to 33.8% over the past 5 years.
Debt Coverage: BULK's debt is well covered by operating cash flow (95.4%).
Interest Coverage: Insufficient data to determine if BULK's interest payments on its debt are well covered by EBIT.