Euroseas Balance Sheet Health
Financial Health criteria checks 5/6
Euroseas has a total shareholder equity of $266.6M and total debt of $130.0M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are $424.7M and $158.1M respectively. Euroseas's EBIT is $112.1M making its interest coverage ratio 23.1. It has cash and short-term investments of $58.6M.
Key information
48.8%
Debt to equity ratio
US$130.00m
Debt
| Interest coverage ratio | 23.1x |
| Cash | US$58.61m |
| Equity | US$266.58m |
| Total liabilities | US$158.10m |
| Total assets | US$424.67m |
Recent financial health updates
Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
May 20
Does Euroseas (NASDAQ:ESEA) Have A Healthy Balance Sheet?
Jul 05These 4 Measures Indicate That Euroseas (NASDAQ:ESEA) Is Using Debt Reasonably Well
Feb 17Is Euroseas (NASDAQ:ESEA) A Risky Investment?
Oct 15Does Euroseas (NASDAQ:ESEA) Have A Healthy Balance Sheet?
Jul 02Recent updates
Euroseas (NASDAQ:ESEA) Will Pay A Larger Dividend Than Last Year At $0.60
Feb 24Should You Think About Buying Euroseas Ltd. (NASDAQ:ESEA) Now?
Feb 14Up 87% YoY, I Am Selling Euroseas (Downgrade)
Jan 24The Trend Of High Returns At Euroseas (NASDAQ:ESEA) Has Us Very Interested
Dec 20Euroseas' (NASDAQ:ESEA) Dividend Will Be $0.50
Nov 12Euroseas' (NASDAQ:ESEA) Dividend Will Be $0.50
Sep 06Euroseas (NASDAQ:ESEA) Will Pay A Dividend Of $0.50
Aug 23Euroseas (NASDAQ:ESEA) Has Announced A Dividend Of $0.50
May 25Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
May 20Downgrade: Here's How This Analyst Sees Euroseas Ltd. (NASDAQ:ESEA) Performing In The Near Term
Feb 18A Look At The Intrinsic Value Of Euroseas Ltd. (NASDAQ:ESEA)
Nov 08Euroseas declares $0.50 dividend
Aug 10Does Euroseas (NASDAQ:ESEA) Have A Healthy Balance Sheet?
Jul 05Euroseas: Investors Cheer Surprise Dividend And Share Buyback Announcement - Buy
May 25Euroseas Pushes With Fleet Renewal Doubles Feeder Orders At South Korean Yard
Feb 17These 4 Measures Indicate That Euroseas (NASDAQ:ESEA) Is Using Debt Reasonably Well
Feb 17Euroseas Pens Fourth Lucrative Long-Term Charter
Jan 26Should You Be Adding Euroseas (NASDAQ:ESEA) To Your Watchlist Today?
Jan 04Euroseas: Set For Record Profitability But Trades At 45% Discount To NAV
Nov 28Euroseas: Post-Earnings Sell-Off Provides Decent Buying Opportunity
Nov 17Is Euroseas (NASDAQ:ESEA) A Risky Investment?
Oct 15Euroseas: Monster Short-Term Charter Contract Provides For Decent Q4 Upside
Sep 09Should You Be Adding Euroseas (NASDAQ:ESEA) To Your Watchlist Today?
Sep 09Euroseas Ltd. (NASDAQ:ESEA) Shares Fly 25% But Investors Aren't Buying For Growth
Aug 19Does Euroseas (NASDAQ:ESEA) Have A Healthy Balance Sheet?
Jul 02Financial Position Analysis
Short Term Liabilities: ESEA's short term assets ($66.0M) exceed its short term liabilities ($51.2M).
Long Term Liabilities: ESEA's short term assets ($66.0M) do not cover its long term liabilities ($106.9M).
Debt to Equity History and Analysis
Debt Level: ESEA's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: ESEA's debt to equity ratio has reduced from 162.2% to 48.8% over the past 5 years.
Debt Coverage: ESEA's debt is well covered by operating cash flow (100%).
Interest Coverage: ESEA's interest payments on its debt are well covered by EBIT (23.1x coverage).