Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 4/6
Okeanis Eco Tankers has a total shareholder equity of $411.7M and total debt of $657.7M, which brings its debt-to-equity ratio to 159.8%. Its total assets and total liabilities are $1.1B and $684.3M respectively. Okeanis Eco Tankers's EBIT is $170.1M making its interest coverage ratio 3.1. It has cash and short-term investments of $49.1M.
Key information
159.8%
Debt to equity ratio
US$657.73m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$49.14m |
| Equity | US$411.73m |
| Total liabilities | US$684.28m |
| Total assets | US$1.10b |
Recent financial health updates
No updates
Recent updates
Okeanis Eco Tankers Remains A Top Pick Post Earnings, Maintain Buy
Nov 15Okeanis Eco Tankers: Top Management, Long-Term Double-Digit Yield Potential
Sep 23Okeanis Eco Tankers: Top-Spec Fleet, Solid Balance Sheet, And Tempting Yield
Sep 11Okeanis Eco Tankers To Benefit From Crude Tanker Rate Rebound
Aug 20Okeanis Eco Tankers: Recent Dip Is An Opportunity To Accumulate
Jun 17Okeanis Eco Tankers: The Best Fleet Plus Generous Dividends; Rating Unchanged
Apr 13Okeanis Eco Tankers: A Much Stronger Quarter Could Be Ahead
Mar 04Okeanis Eco Tankers: Bet On Crude Tankers Deficit With The Youngest Fleet In The Industry
Feb 12Okeanis: Armed With The Most Modern Fleet And Heightened Operating Leverage
Jan 26Financial Position Analysis
Short Term Liabilities: ECO's short term assets ($124.2M) exceed its short term liabilities ($73.4M).
Long Term Liabilities: ECO's short term assets ($124.2M) do not cover its long term liabilities ($610.8M).
Debt to Equity History and Analysis
Debt Level: ECO's net debt to equity ratio (147.8%) is considered high.
Reducing Debt: ECO's debt to equity ratio has reduced from 191.9% to 159.8% over the past 5 years.
Debt Coverage: ECO's debt is well covered by operating cash flow (20.7%).
Interest Coverage: ECO's interest payments on its debt are well covered by EBIT (3.1x coverage).