Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Star Bulk Carriers's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Star Bulk Carriers couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Star Bulk Carriers's Cash-to-Debt or its related term are showing as below:
SBLK'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.28
Current: 0.18
During the past 13 years, Star Bulk Carriers's highest Cash to Debt Ratio was 0.28. The lowest was 0.07. And the median was 0.19.
Star Bulk Carriers Cash-to-Debt Historical Data
The historical data trend for Star Bulk Carriers's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
Star Bulk Carriers Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.07 |
0.12 |
0.28 |
0.20 |
0.18 |
|
Star Bulk Carriers Quarterly Data
|
|
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.20 |
0.18 |
0.24 |
0.27 |
0.18 |
Competitive Comparison
For the Marine Shipping subindustry, Star Bulk Carriers's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Star Bulk Carriers Cash-to-Debt Distribution
For the Transportation industry and Industrials sector, Star Bulk Carriers's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Star Bulk Carriers's Cash-to-Debt falls into.
Star Bulk Carriers Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Star Bulk Carriers's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Star Bulk Carriers's Cash to Debt 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.
Star Bulk Carriers (Star Bulk Carriers) Business Description
Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.
Executives
| Ramius Advisors Llc |
10 percent owner |
599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Rcg Enterprise Ltd |
10 percent owner |
599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022 |
| Rcg Carpathia Master Fund Ltd |
10 percent owner |
C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
| Rcg Baldwin Lp |
10 percent owner |
C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022 |
| Peter A Cohen |
10 percent owner, other: See Explanation of Responses |
40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019 |
| Thomas W Strauss |
10 percent owner, other: See Explanation of Responses |
599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Ramius Capital Group Llc |
10 percent owner |
599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| C4s & Co Llc |
10 percent owner, other: See Explanation of Responses |
RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
| Morgan B Stark |
10 percent owner, other: See Explanation of Responses |
C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022 |
| Jeffrey M Solomon |
10 percent owner, other: See Explanation of Responses |
599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022 |
Star Bulk Carriers (Star Bulk Carriers) Headlines
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