Star Bulk Carriers Balance Sheet Health
Financial Health criteria checks 3/6
Star Bulk Carriers has a total shareholder equity of $1.7B and total debt of $1.2B, which brings its debt-to-equity ratio to 73.4%. Its total assets and total liabilities are $3.0B and $1.4B respectively. Star Bulk Carriers's EBIT is $196.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $233.5M.
Key information
73.4%
Debt to equity ratio
US$1.22b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$233.52m |
| Equity | US$1.66b |
| Total liabilities | US$1.37b |
| Total assets | US$3.03b |
Recent financial health updates
These 4 Measures Indicate That Star Bulk Carriers (NASDAQ:SBLK) Is Using Debt Extensively
Jan 25
Here's Why Star Bulk Carriers (NASDAQ:SBLK) Has A Meaningful Debt Burden
Sep 15Is Star Bulk Carriers (NASDAQ:SBLK) A Risky Investment?
May 25Star Bulk Carriers (NASDAQ:SBLK) Seems To Use Debt Quite Sensibly
Dec 15Star Bulk Carriers (NASDAQ:SBLK) Could Easily Take On More Debt
Aug 29Recent updates
Star Bulk: Still A Great Way To Bet On A Robust Dry Bulk Market
Mar 20Star Bulk Carriers: 8% Yield, Outperforming In 2024
Feb 25Star Bulk Carriers Ended FY 2023 On A High Note
Feb 14Star Bulk Carriers Corp.'s (NASDAQ:SBLK) Subdued P/E Might Signal An Opportunity
Feb 09These 4 Measures Indicate That Star Bulk Carriers (NASDAQ:SBLK) Is Using Debt Extensively
Jan 25Star Bulk: Excellent Fleet, Attractive Value, And Macro Tailwinds
Jan 21Is There An Opportunity With Star Bulk Carriers Corp.'s (NASDAQ:SBLK) 50% Undervaluation?
Jan 05Returns At Star Bulk Carriers (NASDAQ:SBLK) Are On The Way Up
Dec 04Star Bulk Carriers' (NASDAQ:SBLK) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 20Is Now An Opportune Moment To Examine Star Bulk Carriers Corp. (NASDAQ:SBLK)?
Nov 13Are Investors Undervaluing Star Bulk Carriers Corp. (NASDAQ:SBLK) By 48%?
Sep 30Here's Why Star Bulk Carriers (NASDAQ:SBLK) Has A Meaningful Debt Burden
Sep 15Star Bulk Carriers (NASDAQ:SBLK) Shareholders Will Want The ROCE Trajectory To Continue
Aug 22Need To Know: Analysts Just Made A Substantial Cut To Their Star Bulk Carriers Corp. (NASDAQ:SBLK) Estimates
Aug 06At US$18.17, Is It Time To Put Star Bulk Carriers Corp. (NASDAQ:SBLK) On Your Watch List?
Jul 29Is Star Bulk Carriers (NASDAQ:SBLK) A Risky Investment?
May 25Star Bulk Carriers (NASDAQ:SBLK) Could Become A Multi-Bagger
May 08When Should You Buy Star Bulk Carriers Corp. (NASDAQ:SBLK)?
Apr 23Here's Why Star Bulk Carriers (NASDAQ:SBLK) Has Caught The Eye Of Investors
Feb 09We Think Star Bulk Carriers (NASDAQ:SBLK) Might Have The DNA Of A Multi-Bagger
Jan 28Is It Too Late To Consider Buying Star Bulk Carriers Corp. (NASDAQ:SBLK)?
Jan 11Star Bulk Carriers (NASDAQ:SBLK) Seems To Use Debt Quite Sensibly
Dec 15We Think Star Bulk Carriers (NASDAQ:SBLK) Might Have The DNA Of A Multi-Bagger
Oct 24Star Bulk Carriers' Rising Profitability Could Carry Your Portfolio To New Highs
Oct 18Star Bulk Carriers For Dividends Despite Rate Volatility
Oct 10What Is Star Bulk Carriers Corp.'s (NASDAQ:SBLK) Share Price Doing?
Oct 10Should You Be Adding Star Bulk Carriers (NASDAQ:SBLK) To Your Watchlist Today?
Sep 26Star Bulk Carriers: Patient Investors Are Rewarded - Buy This Pullback
Sep 08Star Bulk Carriers (NASDAQ:SBLK) Could Easily Take On More Debt
Aug 29Star Bulk Carriers: Brilliant Execution, But Uncertainty Looms
Aug 08Star Bulk Carriers: Don't Join This Rally - More Potential Downside Coming
Jul 29Star Bulk Carriers: High Rates Despite Decreased Iron Ore Demand
Jul 04Star Bulk Carriers: Update On Dry Bulk Markets (Podcast Transcript)
Jun 28Financial Position Analysis
Short Term Liabilities: SBLK's short term assets ($454.4M) exceed its short term liabilities ($359.4M).
Long Term Liabilities: SBLK's short term assets ($454.4M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: SBLK's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: SBLK's debt to equity ratio has increased from 54.9% to 73.4% over the past 5 years.
Debt Coverage: SBLK's debt is well covered by operating cash flow (27.5%).
Interest Coverage: SBLK's interest payments on its debt are well covered by EBIT (3.4x coverage).