Tsakos Energy Navigation Limited

NYSE:TEN.PRE Stock Report

Market Cap: US$638.8m

Tsakos Energy Navigation Balance Sheet Health

Financial Health criteria checks 2/6

Tsakos Energy Navigation has a total shareholder equity of $1.8B and total debt of $1.8B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are $3.8B and $2.0B respectively. Tsakos Energy Navigation's EBIT is $263.1M making its interest coverage ratio 2.8. It has cash and short-term investments of $472.4M.

Key information

101.7%

Debt to equity ratio

US$1.78b

Debt

Interest coverage ratio2.8x
CashUS$472.45m
EquityUS$1.75b
Total liabilitiesUS$2.02b
Total assetsUS$3.77b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TEN.PRE's short term assets ($577.2M) exceed its short term liabilities ($436.4M).

Long Term Liabilities: TEN.PRE's short term assets ($577.2M) do not cover its long term liabilities ($1.6B).


Debt to Equity History and Analysis

Debt Level: TEN.PRE's net debt to equity ratio (74.7%) is considered high.

Reducing Debt: TEN.PRE's debt to equity ratio has reduced from 103.6% to 101.7% over the past 5 years.

Debt Coverage: TEN.PRE's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: TEN.PRE's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


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