Eagle Bulk Shipping Balance Sheet Health
Financial Health criteria checks 0/6
Eagle Bulk Shipping has a total shareholder equity of $600.2M and total debt of $485.3M, which brings its debt-to-equity ratio to 80.9%. Its total assets and total liabilities are $1.1B and $547.7M respectively. Eagle Bulk Shipping's EBIT is $26.0M making its interest coverage ratio 1.5. It has cash and short-term investments of $125.4M.
Key information
80.9%
Debt to equity ratio
US$485.31m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$125.44m |
| Equity | US$600.22m |
| Total liabilities | US$547.74m |
| Total assets | US$1.15b |
Recent financial health updates
Eagle Bulk Shipping (NASDAQ:EGLE) Has A Pretty Healthy Balance Sheet
Sep 28
Here's Why Eagle Bulk Shipping (NASDAQ:EGLE) Can Manage Its Debt Responsibly
May 08Recent updates
Eagle Bulk Shipping: Patience Should Pay Off
Nov 02Eagle Bulk Shipping: A Complicated Story In A Volatile Industry
Aug 28Eagle Bulk: Cheap Bulker With Decent Dividend
Aug 07Eagle Bulk Shipping: A Bargain Trading Well Below Net Asset Value
Jun 25Eagle Bulk Shipping: Danaos Corporation Reveals 9.99% Stake - Buy
Jun 18Eagle Bulk Shipping Inc. (NYSE:EGLE) Looks Inexpensive But Perhaps Not Attractive Enough
Mar 09We Like Eagle Bulk Shipping's (NYSE:EGLE) Returns And Here's How They're Trending
Feb 24Eagle Bulk Shipping: A Mid-Sized Vessel Specialist With An Edge
Feb 23Eagle Bulk: Midsize Dry Bulk Market Update (Podcast Transcript)
Feb 02Is It Too Late To Consider Buying Eagle Bulk Shipping Inc. (NYSE:EGLE)?
Jan 31Eagle Bulk's Fortunes Are Likely To Turn Soon
Jan 25Eagle Bulk Shipping buys Ultramax bulkcarrier for $24.3M
Jan 05Here's Why We Think Eagle Bulk Shipping (NASDAQ:EGLE) Might Deserve Your Attention Today
Nov 20Eagle Bulk Shipping's Modern Fleet Pays For Its Dividend, Debt Cost And Your Vacation
Oct 20Eagle Bulk Shipping (NASDAQ:EGLE) Has A Pretty Healthy Balance Sheet
Sep 28Eagle Bulk Shipping buys Ultramax bulkcarrier for $27.5M
Sep 13Eagle Bulk Shipping Dividend In Light Of Shipping Rate Declines
Sep 07Eagle Bulk Shipping: Total Return Potential Points To A Strong Sustainable Dividend
Aug 18New Forecasts: Here's What Analysts Think The Future Holds For Eagle Bulk Shipping Inc. (NASDAQ:EGLE)
Aug 09Why The 30% Return On Capital At Eagle Bulk Shipping (NASDAQ:EGLE) Should Have Your Attention
Aug 05Eagle Bulk Shipping Non-GAAP EPS of $5.77 beats by $1.05, revenue of $198.7M beats by $41.33M
Aug 04Eagle Bulk Shipping: A Risky Shipping Play
Jul 19What Is Eagle Bulk Shipping Inc.'s (NASDAQ:EGLE) Share Price Doing?
Jul 08Eagle Bulk Shipping A Strong Buy For Profits And Dividends
May 24Analysts Just Made A Captivating Upgrade To Their Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Forecasts
May 11Here's Why Eagle Bulk Shipping (NASDAQ:EGLE) Can Manage Its Debt Responsibly
May 08Financial Position Analysis
Short Term Liabilities: EGLE's short term assets ($189.5M) do not cover its short term liabilities ($212.8M).
Long Term Liabilities: EGLE's short term assets ($189.5M) do not cover its long term liabilities ($334.9M).
Debt to Equity History and Analysis
Debt Level: EGLE's net debt to equity ratio (60%) is considered high.
Reducing Debt: EGLE's debt to equity ratio has increased from 69% to 80.9% over the past 5 years.
Debt Coverage: EGLE's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: EGLE's interest payments on its debt are not well covered by EBIT (1.5x coverage).