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Safe Bulkers (SB) Financials

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$3.66 +0.04 (+0.96%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$3.64 -0.03 (-0.82%)
As of 05/23/2025 07:56 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Safe Bulkers

Annual Income Statements for Safe Bulkers

This table shows Safe Bulkers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 89 69 164 164 -25 4.34 16 -99 -70 -62 5.24
Consolidated Net Income / (Loss)		 97 77 173 174 -13 16 28 -85 -56 -48 15
Net Income / (Loss) Continuing Operations		 97 77 173 174 -13 16 28 -85 -54 -48 15
Total Pre-Tax Income 		93 79 174 175 -14 16 28 -86 -54 -48 15
Total Operating Income		 128 104 185 191 10 44 56 -69 -31 -32 27
Total Gross Profit		 308 284 350 329 198 198 193 148 110 126 160
Total Revenue		 308 284 350 329 198 198 193 148 110 127 160
Operating Revenue		 308 284 350 329 198 198 193 148 110 127 160
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.43 0.00
Total Operating Expenses		 179 180 165 138 188 154 137 217 141 158 133
Selling, General & Admin Expense		 120 113 102 95 73 71 66 55 53 59 51
Depreciation Expense		 58 54 50 52 54 50 48 51 49 47 43
Other Operating Expenses / (Income)		 18 24 14 9.75 61 32 23 18 18 29 39
Other Special Charges / (Income)		 -17 -10 0.00 -19 0.00 0.06 0.11 1.38 2.75 0.00 0.53
Total Other Income / (Expense), net		 -35 -25 -11 -16 -24 -28 -28 -17 -23 -16 -12
Interest Expense		 34 27 19 18 23 29 28 26 23 14 9.81
Interest & Investment Income		 3.40 2.50 0.78 0.07 0.60 1.56 0.93 0.80 0.52 0.09 0.82
Other Income / (Expense), net		 -4.29 -0.23 7.37 1.39 -1.94 -0.84 -0.96 7.72 -0.62 -1.68 -3.10
Other Gains / (Losses), net		 4.17 -1.87 -1.10 -0.91 0.92 -0.08 -0.67 1.78 -0.08 0.35 -
Preferred Stock Dividends Declared		 8.00 8.00 8.98 11 12 12 11 14 14 14 9.39
Basic Earnings per Share		 $0.83 $0.61 $1.36 $1.44 ($0.25) $0.04 $0.16 ($0.98) ($0.83) ($0.74) $0.06
Weighted Average Basic Shares Outstanding		 107.58M 113.62M 120.65M 113.72M 102.62M 101.69M 101.60M 100.93M 84.53M 83.48M 83.45M
Diluted Earnings per Share		 $0.83 $0.61 $1.36 $1.44 ($0.25) $0.04 $0.16 ($0.98) ($0.83) ($0.74) $0.06
Weighted Average Diluted Shares Outstanding		 107.58M 113.62M 120.65M 113.72M 102.62M 101.69M 101.60M 100.93M 84.53M 83.48M 83.45M
Weighted Average Basic & Diluted Shares Outstanding		 109.29M 115.61M 122.87M 127.13M 102.62M 101.69M 101.60M 100.93M 84.53M 83.48M 83.45M
Cash Dividends to Common per Share		 $0.20 $0.20 $0.20 - - - - $0.00 $0.00 $0.04 $0.22

Quarterly Income Statements for Safe Bulkers

No quarterly income statements for Safe Bulkers are available.

Annual Cash Flow Statements for Safe Bulkers

This table details how cash moves in and out of Safe Bulkers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 33 -0.38 -51 -0.14 19 30 6.20 -37 -110 81 43
Net Cash From Operating Activities		 130 122 218 217 63 58 85 50 13 26 44
Net Cash From Continuing Operating Activities		 130 122 218 217 63 58 85 50 13 26 44
Net Income / (Loss) Continuing Operations		 97 77 173 174 -13 16 28 -85 -56 -48 15
Consolidated Net Income / (Loss)		 97 77 173 174 -13 16 28 -85 -56 -48 15
Depreciation Expense		 58 54 50 52 54 50 48 51 49 47 43
Amortization Expense		 2.96 2.48 2.01 2.90 1.73 1.85 1.79 2.46 3.06 2.79 1.47
Non-Cash Adjustments To Reconcile Net Income		 -26 -10 -3.78 -1.42 6.18 -1.86 2.36 85 20 22 0.49
Changes in Operating Assets and Liabilities, net		 -2.14 -1.53 -2.26 -11 14 -8.05 5.54 -3.70 -3.14 1.71 -16
Net Cash From Investing Activities		 -72 -152 -229 8.55 -35 -37 -64 -40 -40 -125 -67
Net Cash From Continuing Investing Activities		 -72 -152 -229 8.55 -35 -37 -64 -40 -40 -125 -67
Sale of Property, Plant & Equipment		 78 31 17 107 0.00 0.00 - 21 29 0.00 0.00
Sale and/or Maturity of Investments		 77 79 17 13 109 87 43 37 41 0.00 50
Other Investing Activities, net		 -227 -262 -263 -112 -144 -124 -107 -98 -110 -125 -117
Net Cash From Financing Activities		 -26 29 -40 -226 -9.29 8.54 -16 -47 -84 180 66
Net Cash From Continuing Financing Activities		 -26 29 -40 -226 -9.29 8.54 -16 -47 -84 180 66
Repayment of Debt		 -216 -169 -198 -437 -84 -153 -182 -125 -149 -249 -135
Repurchase of Preferred Equity		 0.00 0.00 -37 -18 -0.09 0.00 -9.49 -25 -1.71 -0.59 -0.46
Repurchase of Common Equity		 -29 -26 -9.05 0.00 -6.01 -4.15 -0.62 0.00 -0.12 0.00 0.00
Payment of Dividends		 -30 -31 -34 -11 -11 -11 -11 -12 -14 -18 -26
Issuance of Debt		 248 255 260 179 92 178 188 115 65 447 94
Other Financing Activities, net		 0.00 0.00 -22 -9.79 0.00 0.00 - -0.31 0.00 0.00 0.00
Cash Interest Paid		 29 22 14 14 21 29 24 23 20 12 8.59

Quarterly Cash Flow Statements for Safe Bulkers

No quarterly cash flow statements for Safe Bulkers are available.

Annual Balance Sheets for Safe Bulkers

This table presents Safe Bulkers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 1,403 1,340 1,246 1,094 1,106 1,115 1,076 1,035 1,174 1,310 1,176
Total Current Assets		 165 147 158 124 135 136 101 79 111 243 136
Cash & Equivalents		 81 48 49 101 90 79 52 46 82 131 107
Restricted Cash		 3.00 2.02 1.00 0.00 3.40 0.00 0.31 1.66 1.20 65 11
Accounts Receivable		 14 8.80 6.50 8.08 4.93 16 12 11 8.84 7.49 4.53
Inventories, net		 15 17 17 8.65 12 9.27 4.14 4.23 5.17 5.17 11
Prepaid Expenses		 7.01 6.61 5.76 3.48 3.84 4.27 2.82 1.73 2.02 1.68 1.72
Other Current Assets		 45 40 66 2.89 12 28 30 14 12 1.59 0.21
Other Current Nonoperating Assets		 0.00 24 12 0.00 8.06 0.00 - - 0.00 32 0.00
Plant, Property, & Equipment, net		 1,144 1,092 1,001 864 942 945 955 943 1,039 988 960
Total Noncurrent Assets		 93 102 87 106 29 34 20 13 24 78 80
Other Noncurrent Operating Assets		 86 93 78 96 9.98 20 9.25 4.48 14 70 76
Other Noncurrent Nonoperating Assets		 7.48 8.85 8.90 10 19 14 10 8.65 10 7.84 4.26
Total Liabilities & Shareholders' Equity		 1,403 1,340 1,246 1,094 1,106 1,115 1,076 1,035 1,174 1,310 1,176
Total Liabilities		 571 547 474 415 643 625 593 579 595 675 476
Total Current Liabilities		 86 56 91 89 105 87 55 37 24 106 27
Short-Term Debt		 58 25 44 40 76 64 36 26 12 77 16
Accounts Payable		 9.97 10 11 10 13 13 6.13 4.14 5.39 5.28 3.04
Accrued Expenses		 12 8.38 11 5.37 4.66 6.60 6.88 3.67 4.15 3.98 4.47
Current Deferred Revenue		 6.54 11 9.52 11 6.22 3.04 5.41 3.54 2.04 1.96 3.60
Other Current Liabilities		 0.00 1.27 0.00 22 0.58 0.12 0.00 0.00 0.02 0.32 0.49
Total Noncurrent Liabilities		 485 492 383 326 538 538 539 542 571 570 449
Long-Term Debt		 478 482 371 316 532 537 539 542 570 569 448
Noncurrent Deferred Revenue		 2.62 3.25 7.33 7.99 3.54 0.65 0.25 0.00 0.00 0.00 0.00
Other Noncurrent Operating Liabilities		 3.93 5.93 4.55 2.60 2.64 0.27 0.00 - 1.66 0.36 1.07
Total Equity & Noncontrolling Interests		 832 793 772 679 445 473 466 456 579 634 700
Total Preferred & Common Equity		 832 793 772 679 445 473 466 456 579 634 700
Preferred Stock		 0.04 0.04 0.04 0.06 0.06 0.06 0.06 0.06 0.07 0.07 0.07
Total Common Equity		 832 792 772 679 445 473 466 456 578 634 700
Common Stock		 324 353 379 425 354 357 355 361 384 370 370
Retained Earnings		 507 439 393 254 90 116 111 95 194 264 330

Quarterly Balance Sheets for Safe Bulkers

No quarterly balance sheets for Safe Bulkers are available.

Annual Metrics And Ratios for Safe Bulkers

This table displays calculated financial ratios and metrics derived from Safe Bulkers' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.17% -18.68% 6.29% 66.04% 0.20% 2.37% 30.51% 34.85% -13.78% -20.38% -14.36%
EBITDA Growth		 15.39% -34.09% -1.82% 284.43% -32.34% -8.99% 1,461.30% -137.52% -37.48% -51.87% -48.47%
EBIT Growth		 19.46% -45.88% -0.41% 2,159.27% -80.25% -21.33% 189.21% -92.25% 52.22% -383.81% -74.78%
NOPAT Growth		 23.31% -43.60% -3.54% 2,509.77% -83.35% -21.18% 215.20% -120.63% 1.89% -185.81% -71.23%
Net Income Growth		 25.89% -55.17% -1.03% 1,451.01% -180.47% -42.07% 132.69% -51.30% -16.73% -427.62% -82.42%
EPS Growth		 36.07% -55.15% -5.56% 676.00% -725.00% -75.00% 116.33% -18.07% -12.16% -1,333.33% -94.29%
Operating Cash Flow Growth		 6.75% -43.95% 0.39% 242.73% 8.74% -31.79% 70.55% 271.72% -47.19% 47.73% -56.53%
Free Cash Flow Firm Growth		 243.53% 183.56% -110.70% 331.65% 26.56% 44.12% -45.70% -94.99% 193.60% -1,872.39% -106.63%
Invested Capital Growth		 4.96% 7.45% 22.56% -3.20% -4.42% 0.34% 2.86% -9.41% -49.76% 2.06% 8.64%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 98.88% 100.00%
EBITDA Margin		 60.21% 56.44% 69.64% 75.39% 32.56% 48.23% 54.24% -5.20% 18.69% 26.39% 42.64%
Operating Margin		 41.75% 36.62% 52.80% 58.18% 5.29% 22.27% 28.93% -46.82% -28.61% -25.15% 16.71%
EBIT Margin		 40.35% 36.54% 54.91% 58.60% 4.31% 21.85% 28.43% -41.60% -29.18% -52.93% 14.77%
Profit (Net Income) Margin		 31.65% 27.20% 49.34% 52.99% -6.51% 8.11% 14.33% -57.20% -50.98% -37.66% 9.15%
Tax Burden Percent		 104.48% 97.64% 99.37% 99.48% 93.37% 99.53% 97.64% 97.94% 103.34% 99.78% 100.00%
Interest Burden Percent		 75.08% 76.24% 90.44% 90.90% -161.95% 37.29% 51.62% 140.41% 169.07% 142.61% 61.96%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 10.30% 8.87% 17.96% 20.39% 0.75% 4.42% 5.70% -4.77% -1.38% -2.13% 2.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.16% 2.03% 13.96% 15.75% -3.30% -1.07% 0.18% -12.00% -8.78% -15.24% 0.48%
Return on Net Nonoperating Assets (RNNOA)		 1.69% 1.02% 5.82% 10.15% -3.46% -1.12% 0.20% -11.60% -6.65% -10.11% 0.41%
Return on Equity (ROE)		 11.99% 9.89% 23.78% 30.53% -2.71% 3.30% 5.90% -16.36% -8.02% -7.19% 3.08%
Cash Return on Invested Capital (CROIC)		 5.47% 1.69% -2.31% 23.64% 5.27% 4.08% 2.87% 5.10% 64.87% -107.72% -5.61%
Operating Return on Assets (OROA)		 9.05% 8.04% 16.41% 17.53% 0.77% 3.95% 5.20% -5.58% -2.58% -2.71% 2.06%
Return on Assets (ROA)		 7.10% 5.98% 14.75% 15.85% -1.16% 1.46% 2.62% -7.67% -4.51% -7.71% 1.28%
Return on Common Equity (ROCE)		 11.99% 9.89% 23.78% 30.04% -2.61% 3.18% 5.79% -16.36% -8.02% -7.19% 3.08%
Return on Equity Simple (ROE_SIMPLE)		 11.71% 9.76% 22.35% 25.67% -2.90% 3.39% 5.94% -18.56% -9.67% -7.56% 2.09%
Net Operating Profit after Tax (NOPAT)		 128 104 185 191 7.33 44 56 -49 -22 -22 27
NOPAT Margin		 41.75% 36.62% 52.80% 58.18% 3.70% 22.27% 28.93% -32.77% -20.03% -17.60% 16.71%
Net Nonoperating Expense Percent (NNEP)		 7.15% 6.84% 4.00% 4.64% 4.05% 5.49% 5.51% 7.23% 7.41% 6.63% 2.19%
Return On Investment Capital (ROIC_SIMPLE)		 9.39% 8.01% 15.57% - - - - - - - -
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.30% 0.00%
SG&A Expenses to Revenue		 38.89% 39.72% 29.17% 28.74% 36.69% 35.98% 34.28% 37.43% 48.55% 46.59% 31.67%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 58.25% 63.38% 47.20% 41.82% 94.71% 77.73% 71.07% 146.82% 128.61% 249.17% 83.29%
Earnings before Interest and Taxes (EBIT)		 124 104 192 193 8.53 43 55 -62 -32 -67 24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 185 161 244 248 65 95 105 -7.70 21 33 68
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.49 0.58 0.43 0.52 0.28 0.32 0.34 0.61 0.14 0.09 0.40
Price to Tangible Book Value (P/TBV)		 0.49 0.58 0.43 0.52 0.28 0.32 0.34 0.61 0.14 0.09 0.40
Price to Revenue (P/Rev)		 1.32 1.60 0.94 1.07 0.63 0.77 0.81 1.88 0.76 1.02 1.75
Price to Earnings (P/E)		 4.56 6.58 2.02 2.16 0.00 35.10 9.65 0.00 0.00 0.00 53.49
Dividend Yield		 5.68% 5.39% 7.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.38% 6.54%
Earnings Yield		 21.95% 15.20% 49.53% 46.31% 0.00% 2.85% 10.37% 0.00% 0.00% 0.00% 1.87%
Enterprise Value to Invested Capital (EV/IC)		 0.67 0.75 0.61 0.66 0.69 0.69 0.70 0.83 0.55 0.97 0.60
Enterprise Value to Revenue (EV/Rev)		 2.79 3.21 1.99 1.85 3.31 3.50 3.61 5.39 5.31 4.01 3.92
Enterprise Value to EBITDA (EV/EBITDA)		 4.64 5.69 2.85 2.45 10.17 7.25 6.65 0.00 28.40 63.01 9.18
Enterprise Value to EBIT (EV/EBIT)		 6.93 8.79 3.62 3.15 76.93 16.01 12.68 0.00 0.00 0.00 26.50
Enterprise Value to NOPAT (EV/NOPAT)		 6.69 8.77 3.76 3.18 89.51 15.70 12.47 0.00 0.00 0.00 23.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.59 7.47 3.19 2.80 10.36 11.87 8.15 15.94 43.24 20.00 14.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.62 46.03 0.00 2.74 12.77 17.02 24.71 15.38 0.56 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.65 0.64 0.54 0.52 1.31 1.23 1.19 1.24 1.01 2.04 0.66
Long-Term Debt to Equity		 0.58 0.61 0.48 0.46 1.15 1.10 1.12 1.19 0.98 0.90 0.64
Financial Leverage		 0.54 0.50 0.42 0.64 1.05 1.05 1.09 0.97 0.76 0.58 0.86
Leverage Ratio		 1.69 1.65 1.61 1.93 2.33 2.25 2.25 2.13 2.05 1.86 1.79
Compound Leverage Factor		 1.27 1.26 1.46 1.75 -3.77 0.84 1.16 3.00 3.46 2.66 1.11
Debt to Total Capital		 39.22% 39.02% 34.93% 34.37% 56.76% 55.09% 54.34% 55.42% 50.15% 50.50% 39.84%
Short-Term Debt to Total Capital		 4.25% 1.91% 3.67% 3.86% 7.08% 5.87% 3.42% 2.50% 1.05% 6.05% 1.35%
Long-Term Debt to Total Capital		 34.97% 37.12% 31.26% 30.51% 49.68% 49.22% 50.92% 52.92% 49.10% 88.90% 38.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.69% 1.58% 1.61% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.78% 60.97% 65.07% 65.63% 41.54% 43.33% 44.04% 44.57% 49.85% 148.49% 60.15%
Debt to EBITDA		 2.90 3.16 1.70 1.43 9.42 6.30 5.48 -73.71 28.36 39.85 6.80
Net Debt to EBITDA		 2.44 2.85 1.50 1.03 7.97 5.47 4.99 -67.49 24.33 27.82 5.07
Long-Term Debt to EBITDA		 2.58 3.01 1.52 1.27 8.24 5.63 5.14 -70.38 27.77 70.15 6.57
Debt to NOPAT		 4.18 4.87 2.24 1.86 82.85 13.64 10.28 -11.70 -26.47 -57.73 17.36
Net Debt to NOPAT		 3.52 4.39 1.97 1.33 70.11 11.85 9.35 -10.71 -22.70 -34.26 12.93
Long-Term Debt to NOPAT		 3.73 4.63 2.01 1.65 72.52 12.19 9.64 -11.17 -25.91 -43.19 16.77
Altman Z-Score		 1.51 1.51 1.71 1.76 0.47 0.65 0.70 0.41 0.41 0.47 1.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.01% 0.01% 1.60% 3.72% 3.53% 1.82% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.91 2.63 1.73 1.40 1.29 1.57 1.85 2.14 4.67 2.30 4.97
Quick Ratio		 1.10 1.02 0.61 1.23 0.91 1.09 1.17 1.55 3.80 2.61 4.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 68 20 -24 222 51 41 28 52 1,036 -1,106 -56
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.99 0.73 -1.24 12.60 2.24 1.42 1.03 2.02 45.75 -76.61 -5.72
Operating Cash Flow to Interest Expense		 3.80 4.49 11.39 12.33 2.76 2.03 3.11 1.95 0.60 5.30 4.46
Operating Cash Flow Less CapEx to Interest Expense		 6.07 5.63 12.27 18.41 2.76 2.03 3.11 2.75 1.88 1.77 4.46
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.22 0.22 0.30 0.30 0.18 0.18 0.18 0.13 0.09 0.20 0.14
Accounts Receivable Turnover		 26.78 37.18 47.98 50.57 19.01 14.30 16.97 14.91 13.45 21.19 7.82
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.45 0.00
Fixed Asset Turnover		 0.28 0.27 0.37 0.36 0.21 0.21 0.20 0.15 0.11 0.26 0.18
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.69 0.00
Days Sales Outstanding (DSO)		 13.63 9.82 7.61 7.22 19.20 25.52 21.51 24.49 27.14 41.72 46.68
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,167.93 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,059.70 0.00
Cash Conversion Cycle (CCC)		 13.63 9.82 7.61 7.22 19.20 25.52 21.51 24.49 27.14 1,041.49 46.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,277 1,216 1,132 924 954 998 995 967 1,068 2,125 1,041
Invested Capital Turnover		 0.25 0.24 0.34 0.35 0.20 0.20 0.20 0.15 0.07 0.12 0.16
Increase / (Decrease) in Invested Capital		 60 84 208 -31 -44 3.42 28 -100 -1,058 1,084 83
Enterprise Value (EV)		 860 913 694 608 657 692 697 799 583 1,030 626
Market Capitalization		 407 456 330 353 124 152 157 279 84 59 281
Book Value per Share		 $7.19 $6.45 $6.07 $6.31 $4.05 $4.59 $4.59 $4.60 $6.93 $7.60 $8.39
Tangible Book Value per Share		 $7.19 $6.45 $6.07 $6.31 $4.05 $4.59 $4.59 $4.60 $6.93 $7.60 $8.39
Total Capital		 1,368 1,300 1,186 1,035 1,071 1,091 1,058 1,024 1,160 1,281 1,164
Total Debt		 537 507 414 356 608 601 575 567 582 1,294 464
Total Long-Term Debt		 478 482 371 316 532 537 539 542 570 569 448
Net Debt		 453 457 364 255 514 522 523 520 499 452 345
Capital Expenditures (CapEx)		 -78 -31 -17 -107 0.00 0.00 0.00 -21 -29 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 53 66 60 -26 12 34 31 20 17 20 6.05
Debt-free Net Working Capital (DFNWC)		 137 116 110 75 106 113 83 68 99 215 124
Net Working Capital (NWC)		 79 91 66 35 30 49 47 42 87 137 109
Net Nonoperating Expense (NNE)		 31 27 12 17 20 28 28 36 34 26 12
Net Nonoperating Obligations (NNO)		 445 424 360 244 491 508 512 511 489 429 341
Total Depreciation and Amortization (D&A)		 61 57 52 55 56 52 50 54 53 50 45
Debt-free, Cash-free Net Working Capital to Revenue		 17.24% 23.05% 17.09% -7.80% 6.24% 17.35% 15.87% 13.43% 15.12% 31.60% 3.78%
Debt-free Net Working Capital to Revenue		 44.57% 40.71% 31.44% 22.90% 53.39% 57.27% 42.88% 45.76% 90.56% 168.79% 77.73%
Net Working Capital to Revenue		 25.65% 31.99% 18.98% 10.77% 15.15% 24.88% 24.15% 28.48% 79.46% 220.96% 67.89%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.83 $0.61 $1.36 $1.44 ($0.25) $0.04 $0.16 ($0.98) ($0.83) ($0.74) $0.06
Adjusted Weighted Average Basic Shares Outstanding		 107.58M 113.62M 120.65M 113.72M 107.67M 109.75M 103.01M 101.53M 99.25M 83.49M 83.45M
Adjusted Diluted Earnings per Share		 $0.83 $0.61 $1.36 $1.44 ($0.25) $0.04 $0.16 ($0.98) ($0.83) ($0.74) $0.06
Adjusted Weighted Average Diluted Shares Outstanding		 107.58M 113.62M 120.65M 113.72M 107.67M 109.75M 103.01M 101.53M 99.25M 83.49M 83.45M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.25) $0.04 $0.16 ($0.98) ($0.83) ($0.74) $0.06
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 109.29M 115.61M 122.87M 127.13M 102.62M 101.69M 101.60M 100.93M 84.53M 83.48M 83.45M
Normalized Net Operating Profit after Tax (NOPAT)		 78 66 129 121 7.33 31 39 16 -8.05 -13 19
Normalized NOPAT Margin		 25.46% 23.08% 36.96% 36.67% 3.70% 15.61% 20.29% 11.05% -7.33% -10.11% 11.93%
Pre Tax Income Margin		 30.30% 27.86% 49.66% 53.26% -6.97% 8.15% 14.68% -58.41% -49.33% -37.74% 9.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.62 3.82 10.03 10.94 0.37 1.51 2.00 -2.40 -1.41 -2.33 2.41
NOPAT to Interest Expense		 3.74 3.83 9.64 10.87 0.32 1.54 2.03 -1.89 -0.97 -3.10 2.72
EBIT Less CapEx to Interest Expense		 5.89 4.95 10.91 17.02 0.37 1.51 2.00 -1.60 -0.13 -2.33 2.41
NOPAT Less CapEx to Interest Expense		 6.01 4.96 10.53 16.94 0.32 1.54 2.03 -1.09 0.31 -3.10 2.72
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.30% 39.66% 19.49% 6.42% -89.09% 71.67% 41.13% -14.54% -25.10% -73.16% 177.09%
Augmented Payout Ratio		 59.99% 73.56% 24.73% 6.42% -135.68% 97.57% 43.36% -14.54% -25.32% -36.58% 177.09%

Quarterly Metrics And Ratios for Safe Bulkers

No quarterly metrics and ratios for Safe Bulkers are available.

Frequently Asked Questions About Safe Bulkers' Financials

When does Safe Bulkers's fiscal year end?

According to the most recent income statement we have on file, Safe Bulkers' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Safe Bulkers' net income changed over the last 10 years?

Safe Bulkers' net income appears to be on an upward trend, with a most recent value of $97.38 million in 2024, rising from $14.63 million in 2014. The previous period was $77.35 million in 2023. See Safe Bulkers' forecast for analyst expectations on what’s next for the company.

What is Safe Bulkers's operating income?
Safe Bulkers's total operating income in 2024 was $128.43 million, based on the following breakdown:
  • Total Gross Profit: $307.63 million
  • Total Operating Expenses: $179.21 million
How has Safe Bulkers revenue changed over the last 10 years?

Over the last 10 years, Safe Bulkers' total revenue changed from $159.90 million in 2014 to $307.63 million in 2024, a change of 92.4%.

How much debt does Safe Bulkers have?

Safe Bulkers' total liabilities were at $571.48 million at the end of 2024, a 4.4% increase from 2023, and a 20.0% increase since 2014.

How much cash does Safe Bulkers have?

In the past 10 years, Safe Bulkers' cash and equivalents has ranged from $46.20 million in 2017 to $130.74 million in 2015, and is currently $81.08 million as of their latest financial filing in 2024.

How has Safe Bulkers' book value per share changed over the last 10 years?

Over the last 10 years, Safe Bulkers' book value per share changed from 8.39 in 2014 to 7.19 in 2024, a change of -14.3%.


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This page (NYSE:SB) was last updated on 5/25/2025 by MarketBeat.com Staff
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