Euroseas Balance Sheet Health
Financial Health criteria checks 4/6
Euroseas has a total shareholder equity of $343.4M and total debt of $218.2M, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are $580.9M and $237.5M respectively. Euroseas's EBIT is $112.7M making its interest coverage ratio 15.1. It has cash and short-term investments of $77.3M.
Key information
63.5%
Debt to equity ratio
US$218.22m
Debt
| Interest coverage ratio | 15.1x |
| Cash | US$77.34m |
| Equity | US$343.40m |
| Total liabilities | US$237.45m |
| Total assets | US$580.86m |
Recent financial health updates
We Think Euroseas (NASDAQ:ESEA) Can Stay On Top Of Its Debt
Oct 09
Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
Jul 03Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
May 20Does Euroseas (NASDAQ:ESEA) Have A Healthy Balance Sheet?
Jul 05These 4 Measures Indicate That Euroseas (NASDAQ:ESEA) Is Using Debt Reasonably Well
Feb 17Recent updates
We Think Euroseas (NASDAQ:ESEA) Can Stay On Top Of Its Debt
Oct 09Euroseas Ltd.'s (NASDAQ:ESEA) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Aug 21Euroseas Is Chartering At Elevated Rates Thanks To The Red Sea, But Remains A Hold
Aug 07Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
Jul 03What Does Euroseas Ltd.'s (NASDAQ:ESEA) Share Price Indicate?
Jun 18Euroseas (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 17Financial Position Analysis
Short Term Liabilities: ESEA's short term assets ($87.4M) exceed its short term liabilities ($53.0M).
Long Term Liabilities: ESEA's short term assets ($87.4M) do not cover its long term liabilities ($184.5M).
Debt to Equity History and Analysis
Debt Level: ESEA's net debt to equity ratio (41%) is considered high.
Reducing Debt: ESEA's debt to equity ratio has reduced from 257.1% to 63.5% over the past 5 years.
Debt Coverage: ESEA's debt is well covered by operating cash flow (60.5%).
Interest Coverage: ESEA's interest payments on its debt are well covered by EBIT (15.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 05:11 |
| End of Day Share Price | 2024/12/20 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
Euroseas Ltd. is covered by 10 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 |
| Justin Yagerman | Deutsche Bank |
| Robert MacKenzie | FBR Capital Markets & Co. |