Seanergy Maritime Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Seanergy Maritime Holdings has a total shareholder equity of $262.6M and total debt of $238.1M, which brings its debt-to-equity ratio to 90.7%. Its total assets and total liabilities are $527.6M and $350.0M respectively. Seanergy Maritime Holdings's EBIT is $66.7M making its interest coverage ratio 3.8. It has cash and short-term investments of $41.3M.
Key information
90.7%
Debt to equity ratio
US$238.08m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$41.29m |
| Equity | US$262.57m |
| Total liabilities | US$350.01m |
| Total assets | US$527.59m |
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 05Recent updates
Seanergy Maritime Holdings Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Nov 08Seanergy Maritime Holdings' (NASDAQ:SHIP) Upcoming Dividend Will Be Larger Than Last Year's
Sep 21The Market Lifts Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Shares 28% But It Can Do More
Sep 01Seanergy Maritime Holdings (NASDAQ:SHIP) Is Increasing Its Dividend To $0.25
Aug 19Seanergy Maritime: Upgrading On Improved Shareholder Returns And Discounted Valuation - Buy
Aug 08Subdued Growth No Barrier To Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) With Shares Advancing 27%
Jun 06Seanergy Maritime: Strong Market Conditions, But Downgrading To 'Hold' After Recent Rally
May 19Seanergy 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 05Financial Position Analysis
Short Term Liabilities: SHIP's short term assets ($41.3M) do not cover its short term liabilities ($85.0M).
Long Term Liabilities: SHIP's short term assets ($41.3M) do not cover its long term liabilities ($265.0M).
Debt to Equity History and Analysis
Debt Level: SHIP's net debt to equity ratio (74.9%) is considered high.
Reducing Debt: SHIP's debt to equity ratio has reduced from 840.1% to 90.7% over the past 5 years.
Debt Coverage: SHIP's debt is well covered by operating cash flow (27.2%).
Interest Coverage: SHIP's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 05:17 |
| 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
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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
Seanergy Maritime Holdings Corp. is covered by 8 analysts. 4 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 |
|---|---|
| Liam Burke | B. Riley Securities, Inc. |
| Øystein Vaagen | Fearnley Securities |
| Fredrik Dybwad | Fearnley Securities |