Euroseas Balance Sheet Health
Financial Health criteria checks 4/6
Euroseas has a total shareholder equity of $319.6M and total debt of $206.1M, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are $547.5M and $227.9M respectively. Euroseas's EBIT is $114.5M making its interest coverage ratio 20.7. It has cash and short-term investments of $69.7M.
Key information
64.5%
Debt to equity ratio
US$206.08m
Debt
| Interest coverage ratio | 20.7x |
| Cash | US$69.69m |
| Equity | US$319.62m |
| Total liabilities | US$227.92m |
| Total assets | US$547.54m |
Recent financial health updates
Euroseas (NASDAQ:ESEA) Has A Pretty Healthy Balance Sheet
Jul 03
Euroseas (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
Euroseas 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 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 28Financial Position Analysis
Short Term Liabilities: ESEA's short term assets ($78.5M) exceed its short term liabilities ($53.6M).
Long Term Liabilities: ESEA's short term assets ($78.5M) do not cover its long term liabilities ($174.3M).
Debt to Equity History and Analysis
Debt Level: ESEA's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: ESEA's debt to equity ratio has reduced from 428.1% to 64.5% over the past 5 years.
Debt Coverage: ESEA's debt is well covered by operating cash flow (62.9%).
Interest Coverage: ESEA's interest payments on its debt are well covered by EBIT (20.7x coverage).