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/Ultramax dry bulk vessels are equipped with cargo-handling cranes and grabs and range in size from approximately 50,000 to 65,000 dwt. Supramax/Ultramax ships are considered a sub-category of the Handymax carriers; typically defined vessels between 40,000 and 65,000 dwt in size. 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, 2017, we owned a modern fleet of 47 Supramax/Ultramax dry bulk vessels and had one vessel on long term time charter with approximately four years remaining. In addition, the Company charters-in third-party vessels on a short to medium term basis.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2018-0.33NAN/E
03/2018-0.46NAN/E
12/2017-0.63NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.05Total Liab/Total Assets0.43
Net Inc/Total Assets-0.05Total Liab/Inv Cap0.45
Net Inc/Inv Cap-0.06Total Liab/Comm Equity0.39
Pretax Inc/Net Sales-0.18Interest Coverage Ratio-0.49
Net Inc/Net Sales-0.18Curr Debt/Equity0.01
Cash Flow/Net Sales0.03LTD/Equity0.68
SG&A/NetSales0.87Total Debt/Equity0.69
Asset Utilization   Liquidity  
Net Receivables Turnover21.20Quick Ratio2.96
Inventory TurnoverNACurrent Ratio3.41
Inventory Day SalesNANet Rec/Curr Assets0.16
Net Sales/Work Cap3.18Inv/Curr Assets0.13
Net Sales/PP&E0.34  

Income Statement (Millions)

  6/30/2018 3/31/2018 12/31/2017 9/30/2017
Total Revenues(Net Sales) 74.94 79.37 74.59 62.71
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 56.79 63.78 58.84 55.85
Operating Income 8.99 6.32 6.59 -1.91
Interest Exp 6.39 6.26 8.24 7.84
Pretax Income 3.45 0.05 -16.58 -10.26
Other Income 0.96 -0.01 -14.90 -0.30
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 3.45 0.05 -16.58 -10.26

Balance Sheet (Millions)

Assets 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Cash & Short Term Investments 76.88 57.90 60.75 64.32
Receivables - Total 13.07 13.98 17.25 10.16
Inventories - Total 11.91 13.62 14.11 12.60
Total Current Assets 117.56 110.41 105.22 107.50
Net Property, Plant & Equipment 687.00 694.47 690.85 698.38
Total Assets 816.56 814.94 808.35 818.25
Liabilities        
Accounts Payable 17.46 20.91 21.07 17.44
Debt in Current Liabilities 20.27 12.03 4.07 0.28
Total Current Liabilities 42.64 39.17 30.82 25.29
Long-Term Debt 302.00 309.60 313.68 313.76
Total Liabilities 347.01 351.26 347.18 341.95
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.71 0.71 0.70 0.70
Retained Earnings -424.45 -427.90 -427.16 -410.58
Treasury Stock NA NA NA NA
Total Stockholders' Equity 469.55 463.69 461.17 476.30
Total Liabilities and Stockholders' Equity 816.56 814.94 808.35 818.25

Cash Flow Summary (Millions)

Categories 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Net Cash Provided by Operating Activities 9.91 14.87 5.91 6.75
Net Cash Provided by Investing Activities 9.21 -15.34 0.54 -23.97
Net Cash Provided by Financing Activities -0.14 2.11 -14.52 12.87

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013202.44-70.52--
12/2014154.24-543.35--
12/2015103.86-148.30--
12/2016124.49-223.52--
12/2017236.78-43.80-0.63
Growth Rates4.00----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/188934,11146.70




Report Date : 9/17/2018

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