Eagle Bulk Shipping Inc (EGLE) - Total Assets
Based on the latest financial reports, Eagle Bulk Shipping Inc (EGLE) holds total assets worth $1.15 Billion USD as of December 2023. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore how well can Eagle Bulk Shipping Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Eagle Bulk Shipping Inc - Total Assets Trend (2004–2023)
This chart illustrates how Eagle Bulk Shipping Inc's total assets have evolved over time, based on quarterly financial data. See Eagle Bulk Shipping Inc shareholders equity for net asset value and shareholders' equity analysis.
Eagle Bulk Shipping Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Eagle Bulk Shipping Inc's total assets of $1.15 Billion consist of 16.5% current assets and 83.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.3% |
| Accounts Receivable | $30.92 Million | 2.7% |
| Inventory | $24.99 Million | 2.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2004–2023)
This chart illustrates how Eagle Bulk Shipping Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see how much is Eagle Bulk Shipping Inc worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Eagle Bulk Shipping Inc's current assets represent 16.5% of total assets in 2023, an increase from 0.0% in 2004.
- Cash Position: Cash and equivalents constituted 10.3% of total assets in 2023, up from 10.2% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2004.
- Asset Diversification: The largest asset category is accounts receivable at 2.7% of total assets.
Eagle Bulk Shipping Inc Competitors by Total Assets
Key competitors of Eagle Bulk Shipping Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
GZ Port
SHG:601228
|
China | CN¥55.40 Billion |
|
Hafnia Limited
NYSE:HAFN
|
USA | $3.57 Billion |
|
Costamare Inc
NYSE:CMRE
|
USA | $3.92 Billion |
|
Westshore Terminals Investment Corp
TO:WTE
|
Canada | CA$2.59 Billion |
|
Okeanis Eco Tankers Corp.
NYSE:ECO
|
USA | $1.07 Billion |
|
Rizhao Port Co Ltd
SHG:600017
|
China | CN¥39.87 Billion |
|
Himalaya Shipping Ltd.
NYSE:HSHP
|
USA | $849.60 Million |
|
Nanjing Port Co Ltd
SHE:002040
|
China | CN¥5.38 Billion |
Eagle Bulk Shipping Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.89 | 2.03 | 1.79 |
| Quick Ratio | 0.77 | 1.81 | 1.59 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-23.30 Million | $133.06 Million | $20.66 Million |
Eagle Bulk Shipping Inc - Advanced Valuation Insights
This section examines the relationship between Eagle Bulk Shipping Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.15 |
| Latest Market Cap to Assets Ratio | 0.31 |
| Asset Growth Rate (YoY) | -7.2% |
| Total Assets | $1.15 Billion |
| Market Capitalization | $358.93 Million USD |
Valuation Analysis
Below Book Valuation: The market values Eagle Bulk Shipping Inc's assets below their book value (0.31x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Eagle Bulk Shipping Inc's assets decreased by 7.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Eagle Bulk Shipping Inc (2004–2023)
The table below shows the annual total assets of Eagle Bulk Shipping Inc from 2004 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.15 Billion | -7.21% |
| 2022-12-31 | $1.24 Billion | +9.81% |
| 2021-12-31 | $1.13 Billion | +16.50% |
| 2020-12-31 | $967.13 Million | -3.49% |
| 2019-12-31 | $1.00 Billion | +18.42% |
| 2018-12-31 | $846.21 Million | +4.68% |
| 2017-12-31 | $808.35 Million | +17.77% |
| 2016-12-31 | $686.38 Million | -12.79% |
| 2015-12-31 | $787.04 Million | -13.88% |
| 2014-12-31 | $913.88 Million | -46.97% |
| 2013-12-31 | $1.72 Billion | -3.67% |
| 2012-12-31 | $1.79 Billion | -4.18% |
| 2011-12-31 | $1.87 Billion | -1.55% |
| 2010-12-31 | $1.90 Billion | +17.93% |
| 2009-12-31 | $1.61 Billion | +18.06% |
| 2008-12-31 | $1.36 Billion | +19.91% |
| 2007-12-31 | $1.14 Billion | +99.72% |
| 2006-12-31 | $568.79 Million | +23.02% |
| 2005-12-31 | $462.34 Million | +1030.29% |
| 2004-12-31 | $40.91 Million | -- |
About Eagle Bulk Shipping Inc
Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, and cement. It serves miners, producers, traders, and end users. As of December 31, 2023, the company owned and operated a fleet of 52 ve… Read more