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 net asset quality index to measure how much of total assets are equity-financed.
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. Check Eagle Bulk Shipping Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
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 EGLE market cap.
| 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 | — |