How much debt does EuroDry have?
According to EuroDry's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
EuroDry's total debt stands at $107.19M. This is broken down into:
- Long-term debt: $95.38M
- Short-term debt: $11.81M
The company's net debt, which accounts for cash and cash equivalents, is $100.48M. In terms of overall financial obligations, EuroDry's total liabilities amount to $112.64M.
Debt Ratios and Metrics
To better understand EuroDry's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.08 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 48.46% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 48.90% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 51.81% - this indicates the total debt in the company's capital structure.
These metrics provide insight into EuroDry's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$107.19M
Long-term Debt
$95.38M
Short-term Debt
$11.81M
Net Debt
$100.48M
Total Liabilities
$112.64M
Interest Coverage
0.00
Debt to Equity Ratio
1.08
Debt Ratio
48.46%
EuroDry Historical Debt Metrics
EuroDry Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $107.19M | $95.38M | $11.81M | $100.48M | $112.64M | 1.08 | 48.46% | 0.00 | 48.90% | 51.81% |
| 2023 | $103.93M | $86.12M | $17.80M | $95.93M | $111.63M | 0.95 | 44.98% | 0.25 | 43.99% | 48.66% |
| 2022 | $81.22M | $58.36M | $22.86M | $47.18M | $85.56M | 0.71 | 40.71% | 8.85 | 33.87% | 41.62% |
| 2021 | $78.65M | $64.70M | $13.95M | $51.81M | $82.41M | 1.00 | 48.75% | 16.63 | 45.05% | 49.91% |
| 2020 | $51.11M | $37.32M | $13.79M | $50.17M | $56.97M | 1.01 | 47.54% | -1.17 | 42.48% | 50.28% |
| 2019 | $56.50M | $49.69M | $6.81M | $51.10M | $61.16M | 1.00 | 48.00% | 0.86 | 46.78% | 49.99% |
| 2018 | $63.36M | $56.43M | $6.93M | $58.98M | $65.41M | 1.02 | 49.61% | 1.37 | 47.53% | 50.42% |
| 2017 | $38.33M | $30.36M | $7.97M | $37.07M | $64.59M | 1.17 | 39.33% | 1.45 | 48.02% | 53.84% |
| 2016 | $29.51M | $28.24M | $1.27M | $28.92M | $55.59M | 0.95 | 34.04% | -7.72 | 47.60% | 48.69% |
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