Safe Bulkers Balance Sheet Health
Financial Health criteria checks 4/6
Safe Bulkers has a total shareholder equity of $825.4M and total debt of $489.8M, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are $1.3B and $522.6M respectively. Safe Bulkers's EBIT is $122.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $85.3M.
Key information
59.3%
Debt to equity ratio
US$489.77m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$85.29m |
| Equity | US$825.36m |
| Total liabilities | US$522.63m |
| Total assets | US$1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SB.PRC's short term assets ($119.5M) exceed its short term liabilities ($89.0M).
Long Term Liabilities: SB.PRC's short term assets ($119.5M) do not cover its long term liabilities ($433.6M).
Debt to Equity History and Analysis
Debt Level: SB.PRC's net debt to equity ratio (49%) is considered high.
Reducing Debt: SB.PRC's debt to equity ratio has reduced from 116.4% to 59.3% over the past 5 years.
Debt Coverage: SB.PRC's debt is well covered by operating cash flow (28.6%).
Interest Coverage: SB.PRC's interest payments on its debt are well covered by EBIT (4.1x coverage).