Company Information

  

Address: 4 MESSOGIOU & EVROPIS STREET  
City: 151 25 MAROUSSI 
State:  
Zip Code: 00000 
Telephone: 011 30 210 6105110 

Description of Business

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

Euroseas Ltd. is a Marshall Islands company incorporated under the BCA on May 5, 2005. We are a provider of worldwide ocean-going transportation services. We own and operate containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products and perishables. We also own and operate drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. As of April 25, 2018, our fleet consisted of eleven containerships and six drybulk carriers (comprised of three Panamax drybulk carriers, one Handymax drybulk carrier, one Kamsarmax and one Ultramax drybulk carrier).  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2017-0.64NAN/E
09/2017-4.33NAN/E
12/2016-1.56NAN/E
09/2016-2.70NAN/E
06/2016-1.14NAN/E
03/2016-1.67NAN/E
12/2015-2.20NAN/E
06/2013-104.16NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.02Total Liab/Total Assets0.49
Net Inc/Total Assets-0.04Total Liab/Inv Cap0.61
Net Inc/Inv Cap-0.05Total Liab/Comm Equity0.28
Pretax Inc/Net Sales-0.12Interest Coverage Ratio-0.57
Net Inc/Net Sales-0.14Curr Debt/Equity0.26
Cash Flow/Net Sales0.19LTD/Equity1.29
SG&A/NetSales0.18Total Debt/Equity1.55
Asset Utilization   Liquidity  
Net Receivables Turnover15.92Quick Ratio0.78
Inventory Turnover17.62Current Ratio0.87
Inventory Day Sales0.04Net Rec/Curr Assets0.19
Net Sales/Work Cap-17.52Inv/Curr Assets0.10
Net Sales/PP&E0.31  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 42.92 28.42 37.68 40.63
Cost of Goods Sold 25.87 19.45 27.52 29.24
Selling & Admin Exps 7.66 15.91 9.39 10.38
Operating Income -2.78 -21.64 -11.40 -14.63
Interest Exp 3.37 2.53 1.49 2.15
Pretax Income -5.29 -41.77 -11.43 -15.38
Other Income 0.86 -17.60 1.46 1.41
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -6.09 -44.22 -14.05 -17.92

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 6.11 3.86 14.63 25.71
Receivables - Total 3.09 2.30 2.64 3.03
Inventories - Total 1.65 1.29 1.46 1.76
Total Current Assets 16.08 10.44 21.58 30.85
Net Property, Plant & Equipment 139.16 123.34 121.66 126.84
Total Assets 162.33 143.69 172.12 190.58
Liabilities        
Accounts Payable 5.30 3.19 2.92 4.58
Debt in Current Liabilities 12.35 7.55 14.74 19.81
Total Current Liabilities 18.53 11.17 19.24 25.19
Long-Term Debt 60.19 44.61 25.76 34.75
Total Liabilities 80.02 55.78 45.00 59.94
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.34 0.33 0.25 0.17
Retained Earnings -237.88 -229.98 -184.03 -168.34
Treasury Stock NA NA NA NA
Total Stockholders' Equity 46.69 54.11 95.05 100.20
Total Liabilities and Stockholders' Equity 126.72 109.89 140.05 160.14

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 7.96 -0.83 -2.03 -0.73
Net Cash Provided by Investing Activities -26.15 -23.13 -8.16 -37.09
Net Cash Provided by Financing Activities 22.03 14.13 -4.03 51.83

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201339.15-103.42--
12/201440.63-17.92--
12/201537.68-14.05-2.20
12/201628.42-44.22-1.56
12/201742.92-6.09-0.64
Growth Rates2.32----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18142842.53




Report Date : 7/16/2018

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