Safe Bulkers, Inc.

Safe Bulkers, Inc.verified

SB

Price:

$4.79

Market Cap:

$511.43M

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.[Read more]

Industry

Marine Shipping

IPO Date

2008-05-30

Stock Exchange

NYSE

Ticker

SB

The Current Ratio as of September 2024 (TTM) for Safe Bulkers, Inc. (SB) is 1.88

According to Safe Bulkers, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.88. This represents a change of -17.33% compared to the average of 2.27 of the last 4 quarters.

Safe Bulkers, Inc. (SB) Historical Current Ratio (quarterly & annually)

How has SB Current Ratio performed in the past?

The mean historical Current Ratio of Safe Bulkers, Inc. over the last ten years is 2.43. The current 1.88 Current Ratio has changed 7.61% with respect to the historical average. Over the past ten years (40 quarters), SB's Current Ratio was at its highest in in the March 2017 quarter at 4.85. The Current Ratio was at its lowest in in the September 2018 quarter at 0.75.

Quarterly (TTM)
Annual

Average

2.43

Median

2.00

Minimum

1.29

Maximum

4.73

Safe Bulkers, Inc. (SB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Safe Bulkers, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 102.97%

Maximum Annual Current Ratio = 4.73

Minimum Annual Increase = -54.13%

Minimum Annual Current Ratio = 1.29

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.6352.44%
20221.7323.41%
20211.408.76%
20201.29-17.89%
20191.57-15.50%
20181.85-13.40%
20172.14-54.13%
20164.67102.97%
20152.30-51.40%
20144.7356.57%

Safe Bulkers, Inc. (SB) Average Current Ratio

How has SB Current Ratio performed in the past?

The current Current Ratio of Safe Bulkers, Inc. (SB) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.92

5-year avg

1.72

10-year avg

2.43

Safe Bulkers, Inc. (SB) Current Ratio vs. Peers

How is SB’s Current Ratio compared to its peers?

Safe Bulkers, Inc.’s Current Ratio is greater than Global Ship Lease, Inc. (1.42), greater than Costamare Inc. (1.61), less than Navios Maritime Partners L.P. (3.72), less than Genco Shipping & Trading Limited (3.59), greater than Eagle Bulk Shipping Inc. (0.89), greater than Star Bulk Carriers Corp. (1.51), greater than Golden Ocean Group Limited (1.17), greater than Diana Shipping Inc. (0), greater than United Maritime Corporation (0.47), greater than Top Ships Inc. (0.94), less than Globus Maritime Limited (7.33), less than Castor Maritime Inc. (10.03), greater than Navios Maritime Holdings Inc. (1.20), less than Danaos Corporation (4.18), greater than Euroseas Ltd. (1.46), less than Ardmore Shipping Corporation (3.50),

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