Safe Bulkers (SB) Financials

$3.34 -0.12 (-3.47%)

As of 03:03 PM Eastern

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

No quarterly income statements for Safe Bulkers are available.

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

No quarterly cash flow statements for Safe Bulkers are available.

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

No quarterly balance sheets for Safe Bulkers are available.

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

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

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.

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 4/15/2025 by MarketBeat.com Staff

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Safe Bulkers (SB) Financials

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