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
Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly
Oct 19Is Safe Bulkers (NYSE:SB) A Risky Investment?
Nov 08Recent updates
Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05
Feb 21Safe Bulkers: My Favorite Bulker Stock To Play The Shipping Cycle
Jan 08Safe Bulkers: The Resurgence Of Repurchases Poised To Propel Stock Re-Rating
Dec 27Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Dec 02What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?
Nov 17Safe Bulkers: A Dry Bulk Shipping Value Opportunity
Oct 12Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05
Aug 01Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers
Jul 28Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy
Jun 25Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05
May 23Safe Bulkers to acquire one Japanese Kamsarmax class dry-bulk vessel
Feb 21Safe Bulkers Non-GAAP EPS of $0.29 beats by $0.05, revenue of $86.7M beats by $15.4M
Feb 14Safe Bulkers: Limited Supply Makes Choppy Demand Easy Sailing
Jan 24Safe Bulkers: Significantly Discounted Dry Bulk Play
Jan 14Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%
Nov 18Safe Bulkers Non-GAAP EPS of $0.39, revenue of $93.7M
Nov 09Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly
Oct 19Safe Bulkers to sell MV Pedhoulas Trader for $15.84M
Sep 26There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital
Sep 20Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors
Aug 31Safe Bulkers: A Value Shipper With A Big Dividend
Aug 21Returns At Safe Bulkers (NYSE:SB) Are On The Way Up
May 24Safe Bulkers: A Safer Voyage To Growth And Sustainability
Apr 06Safe Bulkers Stock: Why Q4 2021 Results Make It Even Safer
Mar 12Safe Bulkers: 3 Reasons Why It's Cheap
Jan 26Safe Bulkers (NYSE:SB) Might Have The Makings Of A Multi-Bagger
Dec 08Playing It Safe With Safe Bulkers
Nov 16Is Safe Bulkers (NYSE:SB) A Risky Investment?
Nov 08Safe Bulkers Is A Good Bet Regardless Of Your Risk Appetite
Sep 10Financial Position Analysis
Short Term Liabilities: SB's short term assets ($146.7M) exceed its short term liabilities ($55.7M).
Long Term Liabilities: SB's short term assets ($146.7M) do not cover its long term liabilities ($491.6M).
Debt to Equity History and Analysis
Debt Level: SB's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: SB's debt to equity ratio has reduced from 119% to 64% over the past 5 years.
Debt Coverage: SB's debt is well covered by operating cash flow (24.1%).
Interest Coverage: SB's interest payments on its debt are well covered by EBIT (3.9x coverage).