Safe Bulkers (Safe Bulkers) Debt-to-Equity : 0.64 (As of Dec. 2023)

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What is Safe Bulkers Debt-to-Equity?

Safe Bulkers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $24.8 Mil. Safe Bulkers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $482.4 Mil. Safe Bulkers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $792.5 Mil. Safe Bulkers's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Safe Bulkers's Debt-to-Equity or its related term are showing as below:

SB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 1.01 Max: 1.37
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Safe Bulkers was 1.37. The lowest was 0.54. And the median was 1.01.

SB's Debt-to-Equity is ranked worse than
55.09% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs SB: 0.64

Safe Bulkers Debt-to-Equity Historical Data

The historical data trend for Safe Bulkers'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.

Safe Bulkers Debt-to-Equity Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.27

1.37

0.56

0.54

0.64

Safe Bulkers 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															0.54	0.54	0.58	0.57	0.64

Competitive Comparison of Safe Bulkers's Debt-to-Equity

For the Marine Shipping subindustry, Safe Bulkers'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.

Safe Bulkers's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Safe Bulkers's Debt-to-Equity falls into.

Safe Bulkers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Safe Bulkers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.781	+	482.391)	/	792.511
	=	0.64

Safe Bulkers's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.781	+	482.391)	/	792.511
	=	0.64

Safe Bulkers (NYSE:SB) 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.

Safe Bulkers Debt-to-Equity Related Terms

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Safe Bulkers (Safe Bulkers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SBpD.PFD:USA SBpC.PFD:USA SBL:Germany

Address

6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.