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
Recent updates
Safe Bulkers' (NYSE:SB) Earnings Are Weaker Than They Seem
Nov 20
Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential
Oct 18Investors Continue Waiting On Sidelines For Safe Bulkers, Inc. (NYSE:SB)
Oct 15Safe Bulkers: The PullBack Might Not Be Over
Aug 17Safe Bulkers (NYSE:SB) Will Pay A Dividend Of $0.05
Aug 02At US$5.13, Is It Time To Put Safe Bulkers, Inc. (NYSE:SB) On Your Watch List?
Jul 31Safe Bulkers: Better Margins At A Cheaper Price
May 31Safe Bulkers: Bet On Mid-Size Bulk Carriers With The Best In Class
Apr 10Safe 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 21Financial Position Analysis
Short Term Liabilities: SB's short term assets ($119.5M) exceed its short term liabilities ($89.0M).
Long Term Liabilities: SB's short term assets ($119.5M) do not cover its long term liabilities ($433.6M).
Debt to Equity History and Analysis
Debt Level: SB's net debt to equity ratio (49%) is considered high.
Reducing Debt: SB's debt to equity ratio has reduced from 116.4% to 59.3% over the past 5 years.
Debt Coverage: SB's debt is well covered by operating cash flow (28.6%).
Interest Coverage: SB's interest payments on its debt are well covered by EBIT (4.1x coverage).