Seanergy Maritime Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Seanergy Maritime Holdings has a total shareholder equity of $228.4M and total debt of $121.5M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $477.9M and $249.4M respectively. Seanergy Maritime Holdings's EBIT is $13.4M making its interest coverage ratio 0.7. It has cash and short-term investments of $19.4M.
Key information
53.2%
Debt to equity ratio
US$121.49m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$19.38m |
| Equity | US$228.45m |
| Total liabilities | US$249.43m |
| Total assets | US$477.88m |
Recent financial health updates
Is Seanergy Maritime Holdings (NASDAQ:SHIP) A Risky Investment?
Oct 31
Seanergy Maritime Holdings (NASDAQ:SHIP) Seems To Be Using A Lot Of Debt
Jul 31Is Seanergy Maritime Holdings (NASDAQ:SHIP) A Risky Investment?
Apr 05Does Seanergy Maritime Holdings (NASDAQ:SHIP) Have A Healthy Balance Sheet?
Oct 06Recent updates
Seanergy Maritime Holdings' (NASDAQ:SHIP) Problems Go Beyond Poor Profit
Mar 23Revenues Tell The Story For Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) As Its Stock Soars 26%
Mar 14Seanergy: When Liquidity Is The Missing Piece Of The Puzzle
Jan 10Seanergy Maritime Holdings' (NASDAQ:SHIP) Dividend Will Be $0.025
Dec 13Seanergy Maritime Holdings (NASDAQ:SHIP) Has Announced A Dividend Of $0.025
Nov 17Is Seanergy Maritime Holdings (NASDAQ:SHIP) A Risky Investment?
Oct 31Seanergy Maritime Holdings (NASDAQ:SHIP) Has Announced A Dividend Of $0.025
Aug 28Seanergy Maritime Holdings (NASDAQ:SHIP) Has Announced A Dividend Of $0.025
Aug 09Seanergy Maritime Holdings (NASDAQ:SHIP) Seems To Be Using A Lot Of Debt
Jul 31Seanergy Maritime Holdings (NASDAQ:SHIP) Will Pay A Dividend Of $0.025
May 28Calculating The Fair Value Of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)
May 10Is Seanergy Maritime Holdings (NASDAQ:SHIP) A Risky Investment?
Apr 05Seanergy Maritime Holdings Corp.'s (NASDAQ:SHIP) Share Price Is Matching Sentiment Around Its Earnings
Feb 16Seanergy Maritime refinances two vessels at improved pricing terms
Oct 13Does Seanergy Maritime Holdings (NASDAQ:SHIP) Have A Healthy Balance Sheet?
Oct 06Seanergy Maritime - Shares Crater Alongside Capesize Charter Rates
Aug 24Seanergy Maritime gets Nasdaq notice regarding minimum bid price rule
Aug 01Seanergy Maritime: Proposed Spin-Off Likely To Result In Substantial Windfall Profits For Shareholders
Jun 20Seanergy Maritime: Strong Buy Based On Business Prospects, Dividends And Discounted Valuation
Jun 01Financial Position Analysis
Short Term Liabilities: SHIP's short term assets ($25.1M) do not cover its short term liabilities ($69.5M).
Long Term Liabilities: SHIP's short term assets ($25.1M) do not cover its long term liabilities ($179.9M).
Debt to Equity History and Analysis
Debt Level: SHIP's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: SHIP's debt to equity ratio has reduced from 1059.4% to 53.2% over the past 5 years.
Debt Coverage: SHIP's debt is well covered by operating cash flow (25.8%).
Interest Coverage: SHIP's interest payments on its debt are not well covered by EBIT (0.7x coverage).