Navios Maritime Partners Balance Sheet Health
Financial Health criteria checks 4/6
Navios Maritime Partners has a total shareholder equity of $2.8B and total debt of $898.1M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are $5.1B and $2.4B respectively. Navios Maritime Partners's EBIT is $432.7M making its interest coverage ratio 3.5. It has cash and short-term investments of $287.4M.
Key information
32.4%
Debt to equity ratio
US$898.12m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$287.38m |
| Equity | US$2.77b |
| Total liabilities | US$2.38b |
| Total assets | US$5.15b |
Recent financial health updates
No updates
Recent updates
Navios Maritime Partners: Undervalued In A Booming Shipping Industry, Buy
Feb 28Navios Maritime Partners: Will Activist Letter, Improved Alignment, And Strong Markets Drive Returns?
Dec 05Navios Maritime Partners: Wait Until Measures Yield Results
Nov 24Navios Maritime Partners: Strong Quarter Results Amid Challenging Logistical Market
Sep 08Navios Maritime: Shares Undervalued While Earnings Growth Ebbs, Technical Risks Ahead
Jun 20Navios Maritime Holdings: Sell On Lack Of Catalysts And Tangible Value
May 25Navios Maritime Q4 2022 Earnings Preview
Feb 20Navios Maritime Partners Has Corporate Governance Issues, But One Of The Best Values Available
Jan 24Navios Maritime Non-GAAP EPS of $3.68 misses by $0.48, revenue of $322.39M
Nov 10Navios Maritime declares $0.05 dividend
Oct 26Navios Maritime Partners Embarks On Modernization Amid Demand Tailwinds
Sep 14Navios Maritime Partners: A Case Of Massive Undervaluation
Sep 03Navios Maritime Partners: The Best Shipping Platform, By Far
Aug 09Navios Maritime Q2 2022 Earnings Preview
Jul 27Navios Maritime Partners: Market Overly Pessimistic, Trading At A Discount
Jul 14Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An Issue
May 03Navios Maritime Partners: A Multibillion Shipping Empire In The Making
Feb 20Navios Maritime Holdings - Bail-Out Terms To Result In Angeliki Frangou Regaining Full Control Of Her Shipping Empire
Dec 16Navios Maritime Partners: One Billion Dollars To Enter A Fading Industry
Sep 17Navios Version 2.0 Starting To Take Shape
Aug 27Navios Maritime Partners: Too Cheap To Ignore
Aug 13Navios Maritime Partners: Activist Investor Calls Out Management And Demands Substantial Changes
Jul 23Navios Maritime Partners Should Trade Above $40
Jul 06Navios Holdings: Mispricing Amid Undervaluation
Jun 15Navios Maritime goes ex-dividend on Monday
May 07The New Navios Partners - My Favorite Play For The Supercycle
Jan 31Financial Position Analysis
Short Term Liabilities: NMM's short term assets ($399.7M) do not cover its short term liabilities ($459.6M).
Long Term Liabilities: NMM's short term assets ($399.7M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: NMM's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: NMM's debt to equity ratio has reduced from 65.3% to 32.4% over the past 5 years.
Debt Coverage: NMM's debt is well covered by operating cash flow (62.4%).
Interest Coverage: NMM's interest payments on its debt are well covered by EBIT (3.5x coverage).