Eagle Bulk Shipping Inc (EGLE) — Working Capital to Net Assets Ratio
Eagle Bulk Shipping Inc (EGLE) has a Working Capital to Net Assets ratio of -3.9% as of December 2023. Working capital of $-23.30 Million (current assets of $189.55 Million minus current liabilities of $212.85 Million) is measured against net assets of $600.22 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See EGLE free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Eagle Bulk Shipping Inc Working Capital to Net Assets (2005–2023)
This chart shows how Eagle Bulk Shipping Inc's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2005 to 2023. As of December 2023, the ratio stands at -3.9%, reflecting working capital of $-23.30 Million against net assets of $600.22 Million USD. See EGLE defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Eagle Bulk Shipping Inc (2005–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for Eagle Bulk Shipping Inc from 2005 to 2023, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see how much is Eagle Bulk Shipping Inc worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -3.9% | $-23.30 Million | $600.22 Million | $189.55 Million | $212.85 Million | ▼ -20.1 pp |
| 2022 | 16.2% | $133.06 Million | $819.18 Million | $262.02 Million | $128.97 Million | ▲ +11.4 pp |
| 2021 | 4.8% | $32.43 Million | $671.27 Million | $156.03 Million | $123.60 Million | ▼ -2.8 pp |
| 2020 | 7.6% | $35.82 Million | $470.42 Million | $118.26 Million | $82.44 Million | ▲ +8.0 pp |
| 2019 | -0.3% | $-1.68 Million | $481.50 Million | $100.53 Million | $102.22 Million | ▼ -11.9 pp |
| 2018 | 11.6% | $55.48 Million | $479.61 Million | $118.47 Million | $62.99 Million | ▼ -4.6 pp |
| 2017 | 16.1% | $74.40 Million | $461.17 Million | $105.22 Million | $30.82 Million | ▼ -3.5 pp |
| 2016 | 19.6% | $78.69 Million | $400.48 Million | $104.27 Million | $25.58 Million | ▲ +19.0 pp |
| 2015 | 0.6% | $3.11 Million | $518.34 Million | $41.03 Million | $37.91 Million | ▼ -4.8 pp |
| 2014 | 5.4% | $35.59 Million | $664.09 Million | $76.59 Million | $41.00 Million | ▲ +218.1 pp |
| 2013 | -212.8% | $-1.13 Billion | $531.19 Million | $61.93 Million | $1.19 Billion | ▼ -214.4 pp |
| 2012 | 1.7% | $9.81 Million | $594.19 Million | $43.80 Million | $33.99 Million | ▲ +3.6 pp |
| 2011 | -2.0% | $-13.23 Million | $674.18 Million | $55.89 Million | $69.12 Million | ▼ -19.9 pp |
| 2010 | 18.0% | $120.22 Million | $669.09 Million | $150.73 Million | $30.52 Million | ▲ +8.7 pp |
| 2009 | 9.3% | $57.70 Million | $619.73 Million | $84.21 Million | $26.51 Million | ▲ +10.3 pp |
| 2008 | -1.0% | $-4.54 Million | $471.43 Million | $16.86 Million | $21.40 Million | ▼ -29.5 pp |
| 2007 | 28.6% | $147.19 Million | $514.97 Million | $157.45 Million | $10.26 Million | ▲ +22.1 pp |
| 2006 | 6.5% | $20.77 Million | $321.58 Million | $27.65 Million | $6.88 Million | ▼ -2.2 pp |
| 2005 | 8.6% | $27.28 Million | $315.79 Million | $33.83 Million | $6.55 Million | — |