Safe Bulkers (Safe Bulkers) Construction In Progress : $83.21 Mil (As of Mar. 2024)

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What is Safe Bulkers Construction In Progress?

Safe Bulkers's quarterly construction in progress increased from Sep. 2023 ($74.73 Mil) to Dec. 2023 ($89.70 Mil) but then declined from Dec. 2023 ($89.70 Mil) to Mar. 2024 ($83.21 Mil).

Safe Bulkers's annual construction in progress increased from Dec. 2021 ($56.48 Mil) to Dec. 2022 ($76.28 Mil) and increased from Dec. 2022 ($76.28 Mil) to Dec. 2023 ($89.70 Mil).

Safe Bulkers Construction In Progress Historical Data

The historical data trend for Safe Bulkers's Construction In Progress 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.

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Safe Bulkers Construction In Progress Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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19.29

9.13

56.48

76.28

89.70

Safe Bulkers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															77.16	78.53	74.73	89.70	83.21

Safe Bulkers Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Safe Bulkers (Safe Bulkers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SBpD.PFD) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

SBpC.PFD:USA SB: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.