Tsakos Energy Navigation Balance Sheet Health
Financial Health criteria checks 4/6
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 94.6%. Its total assets and total liabilities are $3.4B and $1.7B respectively. Tsakos Energy Navigation's EBIT is $336.7M making its interest coverage ratio 3.9. It has cash and short-term investments of $372.7M.
Key information
94.6%
Debt to equity ratio
US$1.56b
Debt
Interest coverage ratio | 3.9x |
Cash | US$372.68m |
Equity | US$1.65b |
Total liabilities | US$1.71b |
Total assets | US$3.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNP.PRE's short term assets ($509.3M) exceed its short term liabilities ($323.2M).
Long Term Liabilities: TNP.PRE's short term assets ($509.3M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: TNP.PRE's net debt to equity ratio (72%) is considered high.
Reducing Debt: TNP.PRE's debt to equity ratio has reduced from 106.2% to 94.6% over the past 5 years.
Debt Coverage: TNP.PRE's debt is well covered by operating cash flow (25.3%).
Interest Coverage: TNP.PRE's interest payments on its debt are well covered by EBIT (3.9x coverage).