Navios Maritime Partners Balance Sheet Health
Financial Health criteria checks 5/6
Navios Maritime Partners has a total shareholder equity of $3.0B and total debt of $1.1B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are $5.5B and $2.5B respectively. Navios Maritime Partners's EBIT is $437.2M making its interest coverage ratio 3.8. It has cash and short-term investments of $331.1M.
Key information
36.8%
Debt to equity ratio
US$1.11b
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$331.12m |
| Equity | US$3.02b |
| Total liabilities | US$2.53b |
| Total assets | US$5.55b |
Recent financial health updates
No updates
Recent updates
Navios Maritime Partners L.P. Shares Can Sail Higher Despite Storm Clouds
Jul 29Navios Maritime Partners: Statistical Discount With High Business Returns
May 23Navios 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 16Financial Position Analysis
Short Term Liabilities: NMM's short term assets ($472.9M) exceed its short term liabilities ($418.9M).
Long Term Liabilities: NMM's short term assets ($472.9M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: NMM's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: NMM's debt to equity ratio has reduced from 59.6% to 36.8% over the past 5 years.
Debt Coverage: NMM's debt is well covered by operating cash flow (52.2%).
Interest Coverage: NMM's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 02:17 |
| End of Day Share Price | 2024/12/30 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Navios Maritime Partners L.P. is covered by 17 analysts. 2 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 |
|---|---|
| Kenneth Hoexter | BofA Global Research |
| Natasha Boyden | Cantor Fitzgerald & Co. |
| Christian Wetherbee | Citigroup Inc |