EuroDry Balance Sheet Health
Financial Health criteria checks 1/6
EuroDry has a total shareholder equity of $116.7M and total debt of $97.3M, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are $219.9M and $103.2M respectively. EuroDry's EBIT is $5.0M making its interest coverage ratio 0.7. It has cash and short-term investments of $4.4M.
Key information
83.4%
Debt to equity ratio
US$97.31m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$4.41m |
| Equity | US$116.68m |
| Total liabilities | US$103.18m |
| Total assets | US$219.86m |
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 ($19.0M) do not cover its short term liabilities ($19.4M).
Long Term Liabilities: EDRY's short term assets ($19.0M) do not cover its long term liabilities ($83.7M).
Debt to Equity History and Analysis
Debt Level: EDRY's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: EDRY's debt to equity ratio has reduced from 106.7% to 83.4% over the past 5 years.
Debt Coverage: EDRY's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: EDRY's interest payments on its debt are not well covered by EBIT (0.7x coverage).