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Eagle Bulk Shipping, Inc. Message Board

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  • hyulpy hyulpy Aug 11, 2010 9:06 AM Flag

    Still no real interest in stock

    To correct the information in your post:
    For the last 3 quarters, EGLE has a current ratio of significantly over 1.

    As of 6/30/10, per their earnings release,

    Current assets, $117M (including cash of $102M)
    Current liabilities $34M
    Current ratio = 3.0

    In fact, their cash balance has been increasing over the past few quarters, ($71M, $84M, $102M for the last 3, respectively), so any liquidity problems are improving. They are accumulating cash for future debt service on their newbuilds.

 
EGLE
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