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Eagle Bulk Shipping (Eagle Bulk Shipping) Debt-to-Equity : 0.82 (As of Dec. 2023)


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What is Eagle Bulk Shipping Debt-to-Equity?

Eagle Bulk Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $159.8 Mil. Eagle Bulk Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $332.7 Mil. Eagle Bulk Shipping's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $600.2 Mil. Eagle Bulk Shipping's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Eagle Bulk Shipping's Debt-to-Equity or its related term are showing as below:

EGLE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33   Med: 0.66   Max: 0.98
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Eagle Bulk Shipping was 0.98. The lowest was 0.33. And the median was 0.66.

EGLE's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.55 vs EGLE: 0.82

Eagle Bulk Shipping Debt-to-Equity Historical Data

The historical data trend for Eagle Bulk Shipping's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eagle Bulk Shipping Debt-to-Equity Chart

Eagle Bulk Shipping Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.98 0.59 0.44 0.82

Eagle Bulk Shipping Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.43 0.86 0.85 0.82

Competitive Comparison of Eagle Bulk Shipping's Debt-to-Equity

For the Marine Shipping subindustry, Eagle Bulk Shipping's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eagle Bulk Shipping's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eagle Bulk Shipping's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eagle Bulk Shipping's Debt-to-Equity falls into.



Eagle Bulk Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eagle Bulk Shipping's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Eagle Bulk Shipping's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Eagle Bulk Shipping  (NYSE:EGLE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Eagle Bulk Shipping Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Eagle Bulk Shipping's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Eagle Bulk Shipping (Eagle Bulk Shipping) Business Description

Traded in Other Exchanges
Address
300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
Executives
Justin A. Knowles director 9-10 ST. ANDREW SQUARE, EDINBURGH X0 EH2 2AF
Castor Maritime Inc. 10 percent owner CHRISTODOULOU CHATZIPAVLOU 223, HAWAII ROYAL GARDENS, APART. 16, LIMASSOL G4 3036
Gary Vogel director, officer: Chief Executive Officer C/O EAGLE BULK SHIPPING INC., 477 MADISON AVENUE, NEW YORK NY 10022
Oaktree Fund Gp I, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Danaos Corp 10 percent owner 14 AKTI KONDYLI, 185 45 PIRAEUS, ATHENS J3 00000
Oaktree Capital I, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Holdings I, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Holdings, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Tsoutsoplides Constantine officer: Chief Financial Officer C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexandra Kate Blankenship director 33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830
De Costanzo Frank officer: Chief Financial Officer C/O EAGLE BULK SHIPPING INC., 300 FIRST STAMFORD PLACE, 5TH FLOOR, STAMFORD CT 06902
Randee E Day director 217 DEBRA LANE, PALM BEACH FL 33480
Oaktree Capital Group Holdings Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071