Tsakos Energy Navigation Balance Sheet Health
Financial Health criteria checks 3/6
Tsakos Energy Navigation has a total shareholder equity of $1.7B and total debt of $1.6B, which brings its debt-to-equity ratio to 93.1%. Its total assets and total liabilities are $3.4B and $2.1B respectively. Tsakos Energy Navigation's EBIT is $365.2M making its interest coverage ratio 5.1. It has cash and short-term investments of $475.7M.
Key information
93.1%
Debt to equity ratio
US$1.56b
Debt
Interest coverage ratio | 5.1x |
Cash | US$475.68m |
Equity | US$1.67b |
Total liabilities | US$2.12b |
Total assets | US$3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNP.PRD's short term assets ($475.7M) exceed its short term liabilities ($369.7M).
Long Term Liabilities: TNP.PRD's short term assets ($475.7M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: TNP.PRD's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: TNP.PRD's debt to equity ratio has reduced from 115.6% to 93.1% over the past 5 years.
Debt Coverage: TNP.PRD's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: TNP.PRD's interest payments on its debt are well covered by EBIT (5.1x coverage).