Short Term Liabilities: EGLE's short term assets ($112.2M) exceed its short term liabilities ($80.5M).
Long Term Liabilities: EGLE's short term assets ($112.2M) do not cover its long term liabilities ($398.1M).
Debt to Equity History and Analysis
Debt Level: EGLE's debt to equity ratio (85.4%) is considered high.
Reducing Debt: EGLE's debt to equity ratio has reduced from 286.4% to 85.4% over the past 5 years.
Balance Sheet
Inventory Level: EGLE has a high level of physical assets or inventory.
Debt Coverage by Assets: EGLE's debt is not covered by short term assets (assets are 0.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EGLE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EGLE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Eagle Bulk Shipping's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate EGLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EGLE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EGLE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EGLE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EGLE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
What is the CEO of Eagle Bulk Shipping's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average management tenure
CEO
GaryVogel(53yo)
4.3yrs
Tenure
US$3,528,264
Compensation
Mr. Gary S. Vogel has been Chief Executive Officer at Eagle Bulk Shipping Inc. since September 1, 2015. Mr. Vogel has a long career in the dry bulk shipping market. He has more than 25 years of experience ...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD3.53M) is above average for companies of similar size in the US market ($USD1.71M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.9yrs
Average Tenure
Experienced Management: EGLE's management team is considered experienced (3.9 years average tenure).
Board Age and Tenure
5.2yrs
Average Tenure
53yo
Average Age
Experienced Board: EGLE's board of directors are considered experienced (5.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
BuyUS$247,43629 Aug 19
Paul Leand
Entity
Individual
Role
Chairman of the Board
Independent Chairman
Shares
59,300
Max Price
US$4.20
BuyUS$1,303,27313 Aug 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
310,056
Max Price
US$4.33
BuyUS$2,374,00006 Aug 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
550,000
Max Price
US$4.44
BuyUS$2,963,00031 Jul 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
650,000
Max Price
US$4.62
BuyUS$4,760,00030 Jul 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
1,000,000
Max Price
US$4.76
BuyUS$127,49113 Jun 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
27,300
Max Price
US$4.67
BuyUS$2,634,82007 Jun 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
560,600
Max Price
US$4.70
BuyUS$675,44404 Jun 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
146,200
Max Price
US$4.62
BuyUS$152,50005 Apr 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
32,516
Max Price
US$4.69
BuyUS$716,29230 Mar 19
Oaktree Capital Management, L.P.
Entity
Company
Shares
157,931
Max Price
US$4.57
BuyUS$996,65426 Mar 19
GoldenTree Asset Management, LP
Entity
Company
Shares
226,140
Max Price
US$4.43
BuyUS$94,74218 Mar 19
GoldenTree Asset Management, LP
Entity
Company
Shares
20,596
Max Price
US$4.60
BuyUS$1,985,28312 Mar 19
GoldenTree Asset Management, LP
Entity
Company
Shares
445,432
Max Price
US$4.58
BuyUS$913,36308 Mar 19
GoldenTree Asset Management, LP
Entity
Company
Shares
200,447
Max Price
US$4.56
BuyUS$6,70022 Feb 19
GoldenTree Asset Management, LP
Entity
Company
Shares
1,444
Max Price
US$4.64
BuyUS$793,73015 Feb 19
GoldenTree Asset Management, LP
Entity
Company
Shares
174,363
Max Price
US$4.59
BuyUS$341,81912 Feb 19
GoldenTree Asset Management, LP
Entity
Company
Shares
84,969
Max Price
US$4.21
BuyUS$45,52630 Jan 19
GoldenTree Asset Management, LP
Entity
Company
Shares
10,300
Max Price
US$4.42
BuyUS$1,723,75225 Jan 19
GoldenTree Asset Management, LP
Entity
Company
Shares
386,309
Max Price
US$4.47
BuyUS$4,216,86031 Dec 18
Oaktree Capital Management, L.P.
Entity
Company
Shares
960,000
Max Price
US$4.52
BuyUS$4,665,95219 Dec 18
Oaktree Capital Management, L.P.
Entity
Company
Shares
1,021,610
Max Price
US$4.76
SellUS$12,81918 Dec 18
Steven Tananbaum
Entity
Individual
Shares
2,748
Max Price
US$4.66
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Gary Vogel (53yo)
CEO & Director
Tenure: 4.3yrs
Compensation: US$3.53m
Frank De Costanzo (56yo)
CFO & Secretary
Tenure: 3.3yrs
Compensation: US$1.17m
Michael Mitchell
General Counsel
Tenure: 3.9yrs
Jonathan Dowsett
Head of Performance Management & Optimization
Tenure: 0yrs
Bo Westergaard
Chief Commercial Officer
Tenure: 4.2yrs
Archibald Morgan
VP & Head of Technical Management
Tenure: 3.9yrs
Board Members
Paul Leand (53yo)
Independent Chairman
Tenure: 5.1yrs
Compensation: US$208.10k
Gary Weston (62yo)
Independent Director
Tenure: 5.2yrs
Compensation: US$119.05k
Randee Day (71yo)
Independent Director
Tenure: 5.2yrs
Compensation: US$119.05k
Gary Vogel (53yo)
CEO & Director
Tenure: 4.3yrs
Compensation: US$3.53m
Bart Veldhuizen (52yo)
Independent Director
Tenure: 5.2yrs
Compensation: US$109.05k
Justin Knowles (51yo)
Independent Director
Tenure: 5.2yrs
Compensation: US$114.05k
Company Information
Eagle Bulk Shipping Inc.'s company bio, employee growth, exchange listings and data sources
Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bu ...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2019/12/07 00:42
End of Day Share Price
2019/12/06 00:00
Earnings
2019/09/30
Annual Earnings
2018/12/31
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.