Castor Maritime Balance Sheet Health
Financial Health criteria checks 5/6
Castor Maritime has a total shareholder equity of $510.7M and total debt of $83.4M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are $605.0M and $94.3M respectively. Castor Maritime's EBIT is $15.6M making its interest coverage ratio 3.1. It has cash and short-term investments of $188.5M.
Key information
16.3%
Debt to equity ratio
US$83.39m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$188.47m |
| Equity | US$510.73m |
| Total liabilities | US$94.31m |
| Total assets | US$605.04m |
Recent financial health updates
Castor Maritime (NASDAQ:CTRM) Seems To Use Debt Quite Sensibly
Nov 14
Is Castor Maritime (NASDAQ:CTRM) A Risky Investment?
Apr 17Recent updates
Castor Maritime's (NASDAQ:CTRM) Returns On Capital Not Reflecting Well On The Business
Mar 01Castor Maritime Inc. (NASDAQ:CTRM) Soars 39% But It's A Story Of Risk Vs Reward
Dec 19Castor Maritime (NASDAQ:CTRM) Seems To Use Debt Quite Sensibly
Nov 14Returns Are Gaining Momentum At Castor Maritime (NASDAQ:CTRM)
Aug 09Is Castor Maritime (NASDAQ:CTRM) A Risky Investment?
Apr 17We Think Castor Maritime (NASDAQ:CTRM) Might Have The DNA Of A Multi-Bagger
Mar 13Castor Maritime (NASDAQ:CTRM) Is Investing Its Capital With Increasing Efficiency
Oct 13Castor Maritime: Outstanding Financial Condition Despite Weaker Dry Bulk Market Conditions
Sep 26There's No Escaping Castor Maritime Inc.'s (NASDAQ:CTRM) Muted Earnings Despite A 36% Share Price Rise
Aug 11Castor Maritime: Tanker Exposure Should Benefit Q2 Results - Buy
Jun 07Castor Maritime (NASDAQ:CTRM) Is Doing The Right Things To Multiply Its Share Price
May 11Castor Maritime - Shares Rally After Strong Q4 Report Without Further Dilution
Feb 08Castor Maritime: Delving Into The Liability Side Of The Balance Sheet
Jan 05Returns On Capital At Castor Maritime (NASDAQ:CTRM) Have Hit The Brakes
Dec 04Castor Maritime - Cheap For A Reason
Nov 23There Are Some Holes In Castor Maritime's (NASDAQ:CTRM) Solid Earnings Release
Aug 12Capital Allocation Trends At Castor Maritime (NASDAQ:CTRM) Aren't Ideal
Aug 07Castor Maritime: Recent Meme Stock Now In Value Territory - Buy For The Next Momentum Stampede
Aug 06Castor Maritime regains compliance with Nasdaq minimum bid price requirement
Jun 15Castor Maritime acquires Kamsarmax dry bulk carrier for $21M
May 04Castor Maritime acquires five tankers in its largest purchase transaction
Apr 30Castor Maritime acquires Panamax dry bulk carrier for $14.5M
Apr 28Castor Maritime: Massive Dilution And A Small Fleet Suggest This Shipping Company Is Overvalued
Feb 02Castor Maritime climbs 14% on announcement of vessel acquisition
Feb 01Reflecting on Castor Maritime's (NASDAQ:CTRM) Share Price Returns Over The Last Year
Jan 29
Castor Maritime prices $18M registered direct offering
Dec 31Castor Maritime receives 180-day extension from Nasdaq for regaining compliance
Dec 30Financial Position Analysis
Short Term Liabilities: CTRM's short term assets ($242.3M) exceed its short term liabilities ($28.6M).
Long Term Liabilities: CTRM's short term assets ($242.3M) exceed its long term liabilities ($65.7M).
Debt to Equity History and Analysis
Debt Level: CTRM has more cash than its total debt.
Reducing Debt: CTRM's debt to equity ratio has increased from 0% to 16.3% over the past 5 years.
Debt Coverage: CTRM's debt is well covered by operating cash flow (51.1%).
Interest Coverage: CTRM's interest payments on its debt are well covered by EBIT (3.1x coverage).