Okeanis Eco Tankers Balance Sheet Health
Financial Health criteria checks 4/6
Okeanis Eco Tankers has a total shareholder equity of $432.6M and total debt of $668.8M, which brings its debt-to-equity ratio to 154.6%. Its total assets and total liabilities are $1.1B and $702.6M respectively. Okeanis Eco Tankers's EBIT is $178.1M making its interest coverage ratio 3.2. It has cash and short-term investments of $92.8M.
Key information
154.6%
Debt to equity ratio
US$668.76m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$92.80m |
| Equity | US$432.59m |
| Total liabilities | US$702.62m |
| Total assets | US$1.14b |
Recent financial health updates
No updates
Recent updates
Okeanis 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 ($159.3M) exceed its short term liabilities ($107.9M).
Long Term Liabilities: ECO's short term assets ($159.3M) do not cover its long term liabilities ($594.7M).
Debt to Equity History and Analysis
Debt Level: ECO's net debt to equity ratio (133.1%) is considered high.
Reducing Debt: ECO's debt to equity ratio has reduced from 164.5% to 154.6% over the past 5 years.
Debt Coverage: ECO's debt is well covered by operating cash flow (27.7%).
Interest Coverage: ECO's interest payments on its debt are well covered by EBIT (3.2x coverage).