EuroDry Balance Sheet Health
Financial Health criteria checks 1/6
EuroDry has a total shareholder equity of $111.7M and total debt of $94.0M, which brings its debt-to-equity ratio to 84.1%. Its total assets and total liabilities are $214.7M and $103.0M respectively. EuroDry's EBIT is $4.2M making its interest coverage ratio 0.5. It has cash and short-term investments of $2.6M.
Key information
84.1%
Debt to equity ratio
US$93.97m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$2.65m |
| Equity | US$111.74m |
| Total liabilities | US$102.98m |
| Total assets | US$214.72m |
Recent financial health updates
Here's Why EuroDry (NASDAQ:EDRY) Is Weighed Down By Its Debt Load
Jan 06
Here's Why EuroDry (NASDAQ:EDRY) Has A Meaningful Debt Burden
Jul 22EuroDry (NASDAQ:EDRY) Takes On Some Risk With Its Use Of Debt
Mar 04Recent updates
Market Cool On EuroDry Ltd.'s (NASDAQ:EDRY) Revenues Pushing Shares 25% Lower
Nov 06EuroDry (NASDAQ:EDRY) Could Be Struggling To Allocate Capital
Nov 03Here's Why EuroDry (NASDAQ:EDRY) Is Weighed Down By Its Debt Load
Jan 06Analyst Forecasts Just Got A Lot More Bearish On EuroDry Ltd. (NASDAQ:EDRY)
Aug 11There's Been No Shortage Of Growth Recently For EuroDry's (NASDAQ:EDRY) Returns On Capital
May 05Are Investors Undervaluing EuroDry Ltd. (NASDAQ:EDRY) By 34%?
Oct 07EuroDry to sell Panamax bulk carrier M/V Pantelis for $9.7M
Sep 19EuroDry Is Much Better Priced Than Euroseas With Better Perspectives
Aug 16Here's Why EuroDry (NASDAQ:EDRY) Has A Meaningful Debt Burden
Jul 22EuroDry: Is The 70% Discount To NAV Justified?
Jul 08Letting The Market Cry, Buying EuroDry
May 20Industry Analysts Just Upgraded Their EuroDry Ltd. (NASDAQ:EDRY) Revenue Forecasts By 15%
Apr 28EuroDry (NASDAQ:EDRY) Could Become A Multi-Bagger
Apr 05EuroDry (NASDAQ:EDRY) Takes On Some Risk With Its Use Of Debt
Mar 04EuroDry: Good Value, Decent Prospects But No Dividends
Mar 04KNOT Offshore Partners' Income Stock & EuroDry Limited's Growth Stock: Positive Additions To A Diverse Portfolio
Feb 22EuroDry: Undervalued And Well Positioned For 2022 Dividend Initiation
Jan 13EuroDry (NASDAQ:EDRY) Shareholders Will Want The ROCE Trajectory To Continue
Nov 17EuroDry: Forgotten And Undervalued
Sep 05EuroDry's (NASDAQ:EDRY) Performance Is Even Better Than Its Earnings Suggest
Aug 12Forecast: Analysts Think EuroDry Ltd.'s (NASDAQ:EDRY) Business Prospects Have Improved Drastically
Jul 17Are Investors Undervaluing EuroDry Ltd. (NASDAQ:EDRY) By 48%?
Apr 29EuroDry EPS beats by $0.40, beats on revenue
Nov 11Financial Position Analysis
Short Term Liabilities: EDRY's short term assets ($16.7M) do not cover its short term liabilities ($19.9M).
Long Term Liabilities: EDRY's short term assets ($16.7M) do not cover its long term liabilities ($83.0M).
Debt to Equity History and Analysis
Debt Level: EDRY's net debt to equity ratio (81.7%) is considered high.
Reducing Debt: EDRY's debt to equity ratio has reduced from 104.6% to 84.1% over the past 5 years.
Debt Coverage: EDRY's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: EDRY's interest payments on its debt are not well covered by EBIT (0.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 07:24 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
EuroDry Ltd. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Tate Sullivan | Maxim Group |
| Michael Heim | NOBLE Capital Markets, Inc. |