The company has significantly improved its solvency profile by reducing total debt from $1.6 billion in 2024Q2 to $946.3 million in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Total Current Assets | 594.2M | 683.35M | 658.97M | 450.12M | 502.09M | 682.92M | 307.41M | 266.04M | 298.84M | 312.63M | 228.47M | 252.06M | 134.43M | 54.43M | 37.96M | 32.09M | 23.92M | 60.83M | 42.27M | 19.88M | 195.18M | 189.57M |
| Cash & Short-Term Investments | 407.82M | 500.32M | 425.07M | 259.73M | 284.32M | 450.29M | 190.51M | 117.82M | 204.92M | 257.91M | 181.76M | 211.82M | 89.35M | 44.3M | 12.95M | 19.23M | 14.37M | 48.49M | 31.99M | 18.98M | 195.03M | 189.45M |
| Cash Only | 407.82M | 500.32M | 425.07M | 227.48M | 284.32M | 450.29M | 190.51M | 117.82M | 204.92M | 257.91M | 181.76M | 211.82M | 89.35M | 44.3M | 12.95M | 19.23M | 14.37M | 48.49M | 31.99M | 18.98M | 2.12M | 593.28K |
| Short-Term Investments | 0 | 0 | 0 | 2.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192.92M | 188.86M |
| Accounts Receivable | 0 | 0 | 98.33M | 87.98M | 84.44M | 119.38M | 56.62M | 78.02M | 46.51M | 22.97M | 20.57M | 20.7M | 29.36M | 4.98M | 12.07M | 8.3M | 4.73M | 8.1M | 8.36M | 0 | 0 | 0 |
| Days Sales Outstanding | 7.1 | - | 28.36 | 33.83 | 21.45 | 30.53 | 29.81 | 34.67 | 26.06 | 25.25 | 33.8 | 32.25 | 72.71 | 26.02 | 51.15 | 28.29 | 14.25 | 20.78 | 12.77 | - | - | - |
| Inventory | 0 | 0 | 78.59M | 62.36M | 67.16M | 75.08M | 47.29M | 51.15M | 27.44M | 19.34M | 14.53M | 14.25M | 14.37M | 1.73M | 3.61M | 3.87M | 1.09M | 982K | 1.28M | 598K | 0 | 0 |
| Days Inventory Outstanding | 9.38 | - | 42.01 | 41.05 | 39.77 | 55.12 | 38.32 | 32.04 | 27.65 | 39.08 | 29.87 | 25.2 | 52.65 | 16.95 | 24.92 | 13.97 | 4.3 | 6.94 | 12.39 | 276.99 | - | - |
| Other Current Assets | 186.39M | 183.03M | 57.14M | 59.35M | 81.14M | 9.52M | 21.13M | 1.31M | 13.46M | 12.57M | 13.96M | 10.26M | 4.94M | 3.99M | 3.45M | -2.77M | 1.95M | 8.48M | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.07B | 3.12B | 3.43B | 2.58B | 2.93B | 3.07B | 2.88B | 2.97B | 2.72B | 1.83B | 1.78B | 1.91B | 1.93B | 413.66M | 316.74M | 686.53M | 679.33M | 699.81M | 849.1M | 383.86M | 3.26K | 9K |
| Property, Plant & Equipment | 2.92B | 2.96B | 3.42B | 2.57B | 2.88B | 3.06B | 2.88B | 2.97B | 2.66B | 1.78B | 1.71B | 1.76B | 1.44B | 326.67M | 291.21M | 638.53M | 654.29M | 668.7M | 821.28M | 381.19M | 3.26K | 0 |
| Fixed Asset Turnover | 0.36x | 0.35x | 0.37x | 0.37x | 0.50x | 0.47x | 0.24x | 0.28x | 0.25x | 0.19x | 0.13x | 0.13x | 0.10x | 0.21x | 0.30x | 0.17x | 0.18x | 0.21x | 0.29x | 0.01x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 254K | 11.91M | 7.98M | 14.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 9.56M | 1.61M | 1.73M | 4.27M | 1.68M | 1.57M | 1.32M | 1.16M | 1.11M | 1.06M | 970K | 844K | 634K | 91K | 0 | 0 | 24.02M | 29.92M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 150.61M | 158.2M | 5.28M | 6.3M | 48.3M | 8.93M | 5.94M | 4.72M | 66.08M | 56.99M | 75.06M | 26.27M | 18.65M | 79.01M | 11.21M | 48M | 1.02M | 1.2M | 27.82M | 2.67M | 0 | 0 |
| Total Assets | 3.67B | 3.81B | 4.09B | 3.03B | 3.43B | 3.75B | 3.19B | 3.24B | 3.02B | 2.15B | 2.01B | 2.16B | 2.06B | 468.09M | 354.71M | 718.62M | 703.25M | 760.64M | 891.38M | 403.74M | 195.19M | 189.58M |
| Asset Turnover | 0.29x | 0.27x | 0.31x | 0.31x | 0.42x | 0.38x | 0.22x | 0.25x | 0.22x | 0.15x | 0.11x | 0.11x | 0.07x | 0.15x | 0.24x | 0.15x | 0.17x | 0.19x | 0.27x | 0.01x | - | - |
| Asset Growth % | -32.49% | -6.88% | 34.94% | -11.81% | -8.55% | 17.64% | -1.45% | 7.16% | 40.84% | 6.66% | -7.08% | 4.99% | 340.53% | 31.97% | -50.64% | 2.19% | -7.55% | -14.67% | 120.78% | 106.85% | 2.96% | - |
| Total Current Liabilities | 343.92M | 383.68M | 399.81M | 359.36M | 282.56M | 290.8M | 266.43M | 310.93M | 222.72M | 219.27M | 28.12M | 166.95M | 140.2M | 29.73M | 42.45M | 52.15M | 43.23M | 71.09M | 57.29M | 3.06M | 6.97M | 4.34M |
| Accounts Payable | 0 | 0 | 51.59M | 39.32M | 32.14M | 21.84M | 32.85M | 42.78M | 20.96M | 9.94M | 5.2M | 9.44M | 18.49M | 6.64M | 8.26M | 8.5M | 3.23M | 3.98M | 1.03M | 648K | 199K | 344.64K |
| Days Payables Outstanding | 5.54 | - | 27.58 | 25.88 | 19.03 | 16.03 | 26.62 | 26.8 | 21.12 | 20.09 | 10.69 | 16.69 | 67.75 | 65.2 | 56.99 | 30.71 | 12.71 | 28.1 | 10.01 | 300.15 | - | - |
| Short-Term Debt | 173.41M | 228.87M | 221.15M | 249.13M | 166.59M | 156.7M | 144.9M | 150.35M | 101.01M | 173.96M | 0 | 127.14M | 96.48M | 18.29M | 28.77M | 34.67M | 33.78M | 59.67M | 49.25M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 14.51M | 0 | 17.3M | 16.74M | 16.68M | 24.96M | 11.68M | 7.37M | 10.86M | 7.23M | 2.06M | 2.46M | 3.6M | 750K | 1.74M | 4.54M | 3.69M | 4.81M | 3.55M | 916K | 0 | 0 |
| Other Current Liabilities | 170.51M | 154.81M | 2M | 5.78M | 16.19M | 35.38M | 30.56M | 1.72M | 1.8M | 625K | 2.55M | 5.93M | 5.72M | 0 | 0 | 82K | 3.69M | 0 | 0 | 0 | 6.16M | 4M |
| Current Ratio | 1.73x | 1.78x | 1.65x | 1.25x | 1.78x | 2.35x | 1.15x | 0.86x | 1.34x | 1.43x | 8.12x | 1.51x | 0.96x | 1.83x | 0.89x | 0.62x | 0.55x | 0.86x | 0.74x | 6.50x | 27.99x | 43.63x |
| Quick Ratio | 1.73x | 1.78x | 1.45x | 1.08x | 1.54x | 2.09x | 0.98x | 0.69x | 1.22x | 1.34x | 7.61x | 1.42x | 0.86x | 1.77x | 0.81x | 0.54x | 0.53x | 0.84x | 0.72x | 6.31x | 27.99x | 43.63x |
| Cash Conversion Cycle | 10.94 | - | 42.79 | 49 | 42.18 | 69.61 | 41.51 | 39.92 | 32.58 | 44.24 | 52.98 | 40.76 | 57.61 | -22.23 | 19.07 | 11.55 | 5.85 | -0.38 | 15.15 | - | - | - |
| Total Non-Current Liabilities | 894.72M | 972.45M | 1.2B | 1.01B | 1.13B | 1.38B | 1.38B | 1.38B | 1.28B | 838.44M | 946.35M | 1.03B | 767.58M | 172.25M | 195.51M | 231.56M | 171.76M | 190.29M | 273.95M | 25.31M | 64.68M | 64.66M |
| Long-Term Debt | 772.93M | 843.36M | 1.04B | 970.04M | 928M | 932.55M | 990.2M | 1.01B | 734.23M | 623.14M | 793.27M | 771.08M | 765.31M | 172.05M | 195.35M | 231.47M | 171.04M | 187.57M | 247.25M | 0 | 0 | 0 |
| Capital Lease Obligations | 289.6M | 0 | 168.81M | 37.78M | 202.9M | 450.3M | 383.3M | 371.05M | 540.92M | 214.74M | 152.61M | 75.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51K | -126K | 0 | 0 | 0 | 0 | -203K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 121.8M | 129.09M | 850K | 1M | 831K | 1.06M | 2.33M | 3.24M | 4.22M | 560K | 417K | 305K | 2.28M | 200K | 162K | 95K | 516K | 1.87M | 21.63M | 25.31M | 64.68M | 64.66M |
| Total Liabilities | 1.24B | 1.36B | 1.6B | 1.37B | 1.41B | 1.67B | 1.64B | 1.69B | 1.5B | 1.06B | 974.47M | 1.03B | 907.78M | 201.98M | 237.96M | 283.71M | 215M | 261.38M | 331.24M | 28.36M | 71.65M | 69.01M |
| Total Debt | 946.33M | 1.07B | 1.46B | 1.26B | 1.29B | 1.59B | 1.56B | 1.58B | 1.44B | 1.03B | 951.32M | 991.26M | 861.79M | 190.33M | 224.11M | 266.14M | 204.83M | 59.67M | 296.5M | 0 | 0 | 0 |
| Net Debt | 538.51M | 571.91M | 1.03B | 1.04B | 1B | 1.14B | 1.37B | 1.47B | 1.24B | 769.27M | 769.57M | 779.43M | 772.44M | 146.04M | 211.16M | 246.91M | 190.46M | 11.18M | 264.51M | -18.98M | -2.12M | -593.28K |
| Debt / Equity | 0.39x | 0.44x | 0.59x | 0.76x | 0.64x | 0.76x | 1.01x | 1.03x | 0.95x | 0.94x | 0.92x | 0.87x | 0.75x | 0.72x | 1.92x | 0.61x | 0.42x | 0.12x | 0.53x | - | - | - |
| Debt / EBITDA | 2.59x | 3.47x | 2.66x | 3.36x | 1.68x | 1.78x | 6.93x | 8.08x | 6.19x | 8.46x | - | - | 20.60x | 6.19x | 7.46x | - | 4.34x | 6.64x | 1.53x | - | - | - |
| Net Debt / EBITDA | 1.47x | 1.85x | 1.88x | 2.75x | 1.31x | 1.28x | 6.08x | 7.48x | 5.31x | 6.33x | - | - | 18.47x | 4.75x | 7.03x | - | 4.04x | 1.24x | 1.36x | - | - | - |
| Interest Coverage | 3.26x | 1.97x | 3.50x | 2.24x | 9.73x | 13.11x | 0.98x | 0.89x | 2.04x | 0.70x | -1.44x | -2.75x | -1.29x | 0.89x | -1.20x | -12.31x | 0.13x | 2.61x | 14.06x | 77.00x | 0.77x | 0.72x |
| Total Equity | 2.43B | 2.45B | 2.48B | 1.66B | 2.02B | 2.08B | 1.55B | 1.54B | 1.52B | 1.09B | 1.04B | 1.14B | 1.15B | 266.11M | 116.75M | 434.9M | 488.25M | 499.26M | 560.14M | 375.38M | 123.53M | 120.57M |
| Equity Growth % | -8.33% | -1.31% | 49.5% | -17.79% | -2.92% | 34.24% | 0.36% | 1.58% | 39.7% | 4.9% | -8.64% | -1.64% | 333.78% | 127.94% | -73.16% | -10.93% | -2.2% | -10.87% | 49.22% | 203.87% | 2.45% | - |
| Book Value per Share | 21.73 | 21.22 | 22.83 | 16.78 | 19.69 | 20.50 | 16.09 | 16.47 | 19.66 | 17.26 | 21.80 | 29.02 | 98.76 | 94.25 | 108.24 | 459.10 | 577.70 | 615.11 | 771.57 | 764.67 | 311.10 | 8.89 |
| Total Shareholders' Equity | 2.43B | 2.45B | 2.48B | 1.66B | 2.02B | 2.08B | 1.55B | 1.54B | 1.52B | 1.09B | 1.04B | 1.14B | 1.15B | 266.11M | 116.75M | 434.9M | 488.25M | 499.26M | 560.14M | 375.38M | 123.53M | 120.57M |
| Common Stock | 0 | 0 | 1.14M | 840K | 1.03M | 1.02M | 971K | 961K | 926K | 642K | 566K | 2.19M | 1.09M | 291K | 54K | 804K | 634K | 611K | 584K | 425K | 2.9K | 2.9K |
| Retained Earnings | 0 | 0 | -605.57M | -633.22M | -648.72M | -546.26M | -996.31M | -1B | -980.16M | -1.04B | -1.03B | -872.3M | -414.13M | -402.4M | -404.25M | -86.1M | -2.15M | 15.36M | 79.96M | 6.5M | 3.09M | 110.33K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -93K | -93K | -3.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 2.3M | 5.39M | 20.96M | 6.93M | -3.99M | 0 | 0 | 605K | -294K | -1.22M | -378K | -155.5M | -482.45M | -176.81M | -126.59M | -92.33M | -51.8M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cyclical asset value volatility
As reported in recent financial statements, Star Bulk has successfully reduced its debt-to-equity ratio from 0.76 in 2023Q4 to 0.39 by 2026Q1, signaling a deliberate shift toward a more conservative capital structure that improves the company's ability to navigate volatile dry bulk shipping cycles.
The consistent reduction in leverage appears to be a strategic response to the inherent cyclicality of the marine shipping industry. This trend suggests that management is prioritizing balance sheet flexibility, which may provide a necessary buffer against potential downturns in global commodity demand.
Based on the company's quarterly filings, total debt has declined from a peak of $1.6 billion in 2024Q2 to $946.3 million in 2026Q1, reflecting a disciplined approach to debt repayment that likely lowers interest expense and enhances the durability of future cash flows.
The reduction in debt obligations appears to be a proactive measure to mitigate interest rate risk and improve the company's financial standing. Investors should monitor whether this deleveraging trend continues, as it significantly strengthens the firm's position relative to more highly leveraged industry peers.
According to the balance sheet data, net property, plant, and equipment (PPE) has remained a dominant asset component, reaching $2.9 billion in 2026Q1, which underscores the asset-heavy nature of the business model and the ongoing capital requirements for maintaining a modern, scrubber-fitted fleet.
The concentration of assets in vessel infrastructure highlights the company's reliance on physical capital to generate revenue. This asset-heavy structure warrants careful monitoring, as the valuation of these vessels is highly sensitive to market conditions and regulatory changes affecting the global shipping fleet.
As evidenced by the latest quarterly data, the current ratio has improved to 1.73 in 2026Q1 from 1.25 in 2023Q4, indicating that the company has significantly bolstered its short-term liquidity position to better manage operational shocks and potential fluctuations in voyage expenses.
The expansion of the current ratio suggests a more robust liquidity profile, which is essential for a company operating in a capital-intensive and volatile sector. This improved buffer appears to provide management with greater flexibility to pursue strategic opportunities or weather periods of reduced charter market activity.
Quick answers to the most common questions about buying SBLK stock.
As of 2025, Star Bulk Carriers Corp. (SBLK) had total assets of $3.81B including $683.3M in current assets.
Star Bulk Carriers Corp. (SBLK) carries total debt of $1.07B, offset by $500.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Star Bulk Carriers Corp. (SBLK) has total shareholders' equity (book value) of $2.45B ($21.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Star Bulk Carriers Corp. (SBLK) reported a current ratio of 1.78x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.