This company has been acquired
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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/08 14:07 |
| End of Day Share Price | 2024/04/08 00:00 |
| Earnings | 2023/12/31 |
| 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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Eagle Bulk Shipping Inc. is covered by 27 analysts. 6 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 |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Liam Burke | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |