Safe Bulkers Balance Sheet Health
Financial Health criteria checks 4/6
Safe Bulkers has a total shareholder equity of $792.5M and total debt of $507.2M, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are $1.3B and $547.3M respectively. Safe Bulkers's EBIT is $93.8M making its interest coverage ratio 3.9. It has cash and short-term investments of $87.9M.
Key information
64.0%
Debt to equity ratio
US$507.17m
Debt
Interest coverage ratio | 3.9x |
Cash | US$87.92m |
Equity | US$792.51m |
Total liabilities | US$547.31m |
Total assets | US$1.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SB.PRC's short term assets ($146.7M) exceed its short term liabilities ($55.7M).
Long Term Liabilities: SB.PRC's short term assets ($146.7M) do not cover its long term liabilities ($491.6M).
Debt to Equity History and Analysis
Debt Level: SB.PRC's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: SB.PRC's debt to equity ratio has reduced from 119% to 64% over the past 5 years.
Debt Coverage: SB.PRC's debt is well covered by operating cash flow (24.1%).
Interest Coverage: SB.PRC's interest payments on its debt are well covered by EBIT (3.9x coverage).