Company Information

  

Address: 300 FIRST STAMFORD PLACE
5TH FLOOR 
City: STAMFORD 
State: CT 
Zip Code: 06902 
Telephone: 203-276-8100 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

We are Eagle Bulk Shipping Inc., a Marshall Islands corporation incorporated on March 23, 2005 and headquartered in Stamford, Connecticut. We own one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world. Supramax dry bulk are vessels which are constructed with on-board cranes, ranging in size from approximately 50,000 to 59,000 "dwt" and Ultramax dry bulk vessels range in size from 60,000 to 65,000 dwt. They are considered a sub-category of the Handymax segment; typically defined as 40,000 to 65,000 dwt. We transport a broad range of major and minor bulk cargoes, including but not limited to coal, grain, ore, petcoke, cement and fertilizer, along worldwide shipping routes. As of December 31, 2016, we owned and operated a modern fleet of 41 Handymax dry bulk vessels. We chartered-in a 37,000 dwt newbuilding Japanese vessel that was delivered in October 2014 for seven years with an option for one additional year.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
There's no share overview data.

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.29Total Liab/Total Assets0.42
Net Inc/Total Assets-0.33Total Liab/Inv Cap0.43
Net Inc/Inv Cap-0.34Total Liab/Comm Equity0.36
Pretax Inc/Net Sales-1.80Interest Coverage Ratio-9.25
Net Inc/Net Sales-1.80Curr Debt/EquityNA
Cash Flow/Net Sales-0.36LTD/Equity0.64
SG&A/NetSales1.22Total Debt/Equity0.64
Asset Utilization   Liquidity  
Net Receivables Turnover20.47Quick Ratio3.65
Inventory TurnoverNACurrent Ratio4.08
Inventory Day SalesNANet Rec/Curr Assets0.05
Net Sales/Work Cap1.58Inv/Curr Assets0.10
Net Sales/PP&E0.22  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 62.71 53.63 45.86 41.84
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 55.85 47.72 42.96 38.90
Operating Income -1.91 -0.31 -4.51 -135.77
Interest Exp 7.84 6.86 6.45 6.64
Pretax Income -10.26 -5.89 -11.07 -142.39
Other Income -0.30 3.08 -0.02 0.03
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -10.26 -5.89 -11.07 -142.39

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 64.32 68.68 145.77 76.52
Receivables - Total 10.16 11.26 8.77 5.09
Inventories - Total 12.60 12.57 8.73 10.88
Total Current Assets 107.50 112.01 169.58 104.27
Net Property, Plant & Equipment 698.38 662.94 580.99 568.23
Total Assets 818.25 806.79 771.59 686.38
Liabilities        
Accounts Payable 17.44 15.97 14.76 18.71
Debt in Current Liabilities 0.28 NA 0.29 0.00
Total Current Liabilities 25.29 22.39 23.03 25.58
Long-Term Debt 313.76 297.04 256.83 255.94
Total Liabilities 341.95 322.58 283.97 285.90
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.70 0.70 0.70 0.48
Retained Earnings -410.58 -400.33 -394.44 -383.37
Treasury Stock NA NA NA NA
Total Stockholders' Equity 476.30 484.20 487.61 400.48
Total Liabilities and Stockholders' Equity 818.25 806.79 771.59 686.38

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 6.75 -3.25 -2.01 -5.34
Net Cash Provided by Investing Activities -23.97 -109.94 -21.87 -21.69
Net Cash Provided by Financing Activities 12.87 36.11 93.13 4.98

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012190.81-102.80--
12/2013202.44-70.52--
12/2014154.24-543.35--
12/2015103.86-148.30--
12/2016124.49-223.52--
Growth Rates-10.13----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/176319,59926.44




Report Date : 12/4/2017

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