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 ratio3.9x
CashUS$87.92m
EquityUS$792.51m
Total liabilitiesUS$547.31m
Total assetsUS$1.34b

Recent financial health updates

Recent updates

Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Feb 21
Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Safe Bulkers: My Favorite Bulker Stock To Play The Shipping Cycle

Jan 08

Safe Bulkers: The Resurgence Of Repurchases Poised To Propel Stock Re-Rating

Dec 27

Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Dec 02
Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement

What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?

Nov 17
What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?

Safe Bulkers: A Dry Bulk Shipping Value Opportunity

Oct 12

Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Aug 01
Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers

Jul 28
Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers

Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy

Jun 25

Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05

May 23
Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05

Safe Bulkers to acquire one Japanese Kamsarmax class dry-bulk vessel

Feb 21

Safe Bulkers Non-GAAP EPS of $0.29 beats by $0.05, revenue of $86.7M beats by $15.4M

Feb 14

Safe Bulkers: Limited Supply Makes Choppy Demand Easy Sailing

Jan 24

Safe Bulkers: Significantly Discounted Dry Bulk Play

Jan 14

Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%

Nov 18
Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%

Safe Bulkers Non-GAAP EPS of $0.39, revenue of $93.7M

Nov 09

Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly

Oct 19
Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly

Safe Bulkers to sell MV Pedhoulas Trader for $15.84M

Sep 26

There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital

Sep 20
There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital

Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors

Aug 31
Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors

Safe Bulkers: A Value Shipper With A Big Dividend

Aug 21

Returns At Safe Bulkers (NYSE:SB) Are On The Way Up

May 24
Returns At Safe Bulkers (NYSE:SB) Are On The Way Up

Safe Bulkers: A Safer Voyage To Growth And Sustainability

Apr 06

Safe Bulkers Stock: Why Q4 2021 Results Make It Even Safer

Mar 12

Safe Bulkers: 3 Reasons Why It's Cheap

Jan 26

Safe Bulkers (NYSE:SB) Might Have The Makings Of A Multi-Bagger

Dec 08
Safe Bulkers (NYSE:SB) Might Have The Makings Of A Multi-Bagger

Playing It Safe With Safe Bulkers

Nov 16

Is Safe Bulkers (NYSE:SB) A Risky Investment?

Nov 08
Is Safe Bulkers (NYSE:SB) A Risky Investment?

Safe Bulkers Is A Good Bet Regardless Of Your Risk Appetite

Sep 10

Financial 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).


Balance Sheet


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