Safe Bulkers, Inc Perpetual Pre Financials

SB-PD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Safe Bulkers, Inc Perpetual Pre (SB-PD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

6/9

Safe Bulkers, Inc Perpetual Pre passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.34x

For every $1 of reported earnings, Safe Bulkers, Inc Perpetual Pre generates $1.34 in operating cash flow ($130.5M OCF vs $97.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.1x

Safe Bulkers, Inc Perpetual Pre earns $4.1 in operating income for every $1 of interest expense ($128.4M vs $31.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Revenue

N/A

EBITDA

$186.6M

YoY+17.9%

5Y CAGR+14.6%

10Y CAGR+10.3%

Safe Bulkers, Inc Perpetual Pre's EBITDA was $186.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.9% from the prior year.

Free Cash Flow

N/A

Net Income

$97.4M

YoY+25.9%

5Y CAGR+43.4%

10Y CAGR+20.9%

Safe Bulkers, Inc Perpetual Pre reported $97.4M in net income in fiscal year 2024. This represents an increase of 25.9% from the prior year.

EPS (Diluted)

$0.83

YoY+36.1%

5Y CAGR+83.4%

Safe Bulkers, Inc Perpetual Pre earned $0.83 per diluted share (EPS) in fiscal year 2024. This represents an increase of 36.1% from the prior year.

Cash & Debt

$81.1M

YoY+68.3%

5Y CAGR+0.5%

10Y CAGR-2.8%

Safe Bulkers, Inc Perpetual Pre held $81.1M in cash against $484.8M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.20

YoY+0.0%

10Y CAGR-0.9%

Safe Bulkers, Inc Perpetual Pre paid $0.20 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

105M

YoY+0.0%

5Y CAGR+0.2%

10Y CAGR+2.4%

Safe Bulkers, Inc Perpetual Pre had 105M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

11.7%

YoY+1.9pp

5Y CAGR+8.3pp

10Y CAGR+9.6pp

Safe Bulkers, Inc Perpetual Pre's ROE was 11.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$28.9M

YoY+10.3%

5Y CAGR+47.4%

Safe Bulkers, Inc Perpetual Pre spent $28.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 10.3% from the prior year.

Capital Expenditures

N/A

SB-PD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$27.0M+13.8%	$23.8M+9.0%	$21.8M-3.1%	$22.5M+4.6%	$21.5M+4.2%	$20.6M
Operating Income	$128.4M+23.3%	$104.1M-43.6%	$184.6M-3.5%	$191.4M+1726.8%	$10.5M-76.2%	$44.1M
Interest Expense	$31.4M+27.0%	$24.7M+44.2%	$17.1M+16.4%	$14.7M-30.7%	$21.2M-20.8%	$26.8M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$97.4M+25.9%	$77.4M-55.2%	$172.6M-1.0%	$174.3M+1451.0%	-$12.9M-180.5%	$16.0M
EPS (Diluted)	$0.83+36.1%	$0.61-55.1%	$1.36-5.6%	$1.44+676.0%	$-0.25-725.0%	$0.04

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q4'20	Q3'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SB-PD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.4B+4.7%	$1.3B+7.5%	$1.2B+13.9%	$1.1B-1.0%	$1.1B-0.8%	$1.1B
Current Assets	$165.4M+12.7%	$146.7M-7.0%	$157.7M+27.1%	$124.1M-7.9%	$134.7M-0.9%	$136.0M
Cash & Equivalents	$81.1M+68.3%	$48.2M-2.0%	$49.2M-51.3%	$101.0M+12.2%	$90.0M+14.1%	$78.9M
Inventory	$14.9M-10.6%	$16.7M-3.9%	$17.3M+100.2%	$8.7M-28.1%	$12.0M+29.9%	$9.3M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$571.5M+4.4%	$547.3M+15.5%	$474.0M+14.2%	$415.1M-35.4%	$642.8M+2.9%	$624.7M
Current Liabilities	$86.5M+55.2%	$55.7M-39.0%	$91.3M+3.0%	$88.7M-15.3%	$104.7M+20.7%	$86.8M
Long-Term Debt	$484.8M-0.8%	$488.8M+29.7%	$376.9M+18.1%	$319.1M-40.4%	$534.9M-1.0%	$540.3M
Total Equity	$831.6M+4.9%	$792.5M+2.7%	$771.9M+13.6%	$679.2M+52.7%	$444.7M-5.9%	$472.7M
Retained Earnings	$507.3M+15.4%	$439.5M+11.9%	$392.8M+54.7%	$253.9M+181.1%	$90.3M-21.9%	$115.6M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q4'20	Q3'20
Total Assets	$1.4B+4.7%	$1.3B+7.5%	$1.2B+13.9%	$1.1B+2.9%	$1.1B-1.3%	$1.1B-2.5%	$1.1B	N/A
Current Assets	$165.4M+12.7%	$146.7M-7.0%	$157.7M+27.1%	$124.1M-11.2%	$139.8M-18.5%	$171.5M+27.3%	$134.7M	N/A
Cash & Equivalents	$81.1M+68.3%	$48.2M-2.0%	$49.2M-51.3%	$101.0M+6.9%	$94.5M-16.8%	$113.6M+26.2%	$90.0M+40.6%	$64.0M
Inventory	$14.9M-10.6%	$16.7M-3.9%	$17.3M+100.2%	$8.7M+20.0%	$7.2M-24.8%	$9.6M-20.3%	$12.0M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$571.5M+4.4%	$547.3M+15.5%	$474.0M+14.2%	$415.1M-7.1%	$447.0M-14.6%	$523.2M-18.6%	$642.8M	N/A
Current Liabilities	$86.5M+55.2%	$55.7M-39.0%	$91.3M+3.0%	$88.7M+33.9%	$66.2M-2.3%	$67.8M-35.3%	$104.7M	N/A
Long-Term Debt	$484.8M-0.8%	$488.8M+29.7%	$376.9M+18.1%	$319.1M-14.9%	$374.9M-16.7%	$450.0M-15.9%	$534.9M	N/A
Total Equity	$831.6M+4.9%	$792.5M+2.7%	$771.9M+13.6%	$679.2M+10.1%	$616.8M+11.3%	$554.3M+24.6%	$444.7M+1.0%	$440.4M
Retained Earnings	$507.3M+15.4%	$439.5M+11.9%	$392.8M+54.7%	$253.9M+32.6%	$191.4M+37.9%	$138.8M+53.7%	$90.3M	N/A

SB-PD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$130.5M+6.8%	$122.2M-44.0%	$218.0M+0.4%	$217.2M+242.7%	$63.4M+8.7%	$58.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$71.7M+52.7%	-$151.7M+33.9%	-$229.4M-2781.8%	$8.6M+124.6%	-$34.8M+5.4%	-$36.8M
Financing Cash Flow	-$25.9M-188.7%	$29.1M+172.7%	-$40.1M+82.2%	-$225.9M-2330.9%	-$9.3M-208.8%	$8.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$28.9M+10.3%	$26.2M+189.7%	$9.1M	$0-100.0%	$6.0M+44.8%	$4.2M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q4'20	Q3'20
Operating Cash Flow	N/A	N/A	N/A	$63.2M-7.2%	$68.1M	N/A	$29.2M+110.7%	$13.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	$12.4M+179.9%	-$15.5M	N/A	$747K-86.0%	$5.3M
Financing Cash Flow	N/A	N/A	N/A	-$71.5M-0.3%	-$71.2M	N/A	-$1.1M+94.1%	-$19.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	$0	N/A	$0	$0

SB-PD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	11.7%+1.9pp	9.8%-12.6pp	22.4%-3.3pp	25.7%	N/A	3.4%
Return on Assets	6.9%+1.2pp	5.8%-8.1pp	13.9%-2.1pp	15.9%+17.1pp	-1.2%-2.6pp	1.4%
Current Ratio	1.91-0.7	2.63+0.9	1.73+0.3	1.40+0.1	1.29-0.3	1.57
Debt-to-Equity	0.58-0.0	0.62+0.1	0.49+0.0	0.47-0.7	1.20+0.1	1.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q3'21	Q2'21	Q4'20	Q3'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.91-0.7	2.63+0.9	1.73+0.3	1.40-0.7	2.11-0.4	2.53+1.2	1.29	N/A
Debt-to-Equity	0.58-0.0	0.62+0.1	0.49+0.0	0.47-0.1	0.61-0.2	0.81-0.4	1.20	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Safe Bulkers, Inc Perpetual Pre profitable?

Yes, Safe Bulkers, Inc Perpetual Pre (SB-PD) reported a net income of $97.4M in fiscal year 2024.

What is Safe Bulkers, Inc Perpetual Pre's earnings per share (EPS)?

Safe Bulkers, Inc Perpetual Pre (SB-PD) reported diluted earnings per share of $0.83 for fiscal year 2024. This represents a 36.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Safe Bulkers, Inc Perpetual Pre's EBITDA?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had EBITDA of $186.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Safe Bulkers, Inc Perpetual Pre have?

As of fiscal year 2024, Safe Bulkers, Inc Perpetual Pre (SB-PD) had $81.1M in cash and equivalents against $484.8M in long-term debt.

Does Safe Bulkers, Inc Perpetual Pre pay dividends?

Yes, Safe Bulkers, Inc Perpetual Pre (SB-PD) paid $0.20 per share in dividends during fiscal year 2024.

What is Safe Bulkers, Inc Perpetual Pre's return on equity (ROE)?

Safe Bulkers, Inc Perpetual Pre (SB-PD) has a return on equity of 11.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Safe Bulkers, Inc Perpetual Pre's operating cash flow?

Safe Bulkers, Inc Perpetual Pre (SB-PD) generated $130.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Safe Bulkers, Inc Perpetual Pre's total assets?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had $1.4B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Safe Bulkers, Inc Perpetual Pre buy back shares?

Yes, Safe Bulkers, Inc Perpetual Pre (SB-PD) spent $28.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Safe Bulkers, Inc Perpetual Pre have outstanding?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had 105M shares outstanding as of fiscal year 2024.

What is Safe Bulkers, Inc Perpetual Pre's current ratio?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had a current ratio of 1.91 as of fiscal year 2024, which is generally considered healthy.

What is Safe Bulkers, Inc Perpetual Pre's debt-to-equity ratio?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had a debt-to-equity ratio of 0.58 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Safe Bulkers, Inc Perpetual Pre's return on assets (ROA)?

Safe Bulkers, Inc Perpetual Pre (SB-PD) had a return on assets of 6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Safe Bulkers, Inc Perpetual Pre's Piotroski F-Score?

Safe Bulkers, Inc Perpetual Pre (SB-PD) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Safe Bulkers, Inc Perpetual Pre's earnings high quality?

Safe Bulkers, Inc Perpetual Pre (SB-PD) has an earnings quality ratio of 1.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Safe Bulkers, Inc Perpetual Pre cover its interest payments?

Safe Bulkers, Inc Perpetual Pre (SB-PD) has an interest coverage ratio of 4.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.