Safe Bulkers (SB) Debt Ratio (2009 - 2025)

Safe Bulkers (SB) reported Debt Ratio of 0.38 for Q4 2025, up 0.65% on a YoY basis from 0.38 in Q4 2024, and up 21.69% quarter-over-quarter from 0.32 in Q3 2025.

Safe Bulkers (SB) Debt Ratio (2009 - 2025) Analysis & Trends

Safe Bulkers has reported Debt Ratio for 17 years, with the latest figure at 0.38 in Q4 2025.

  • For the quarter ending Q4 2025, Debt Ratio rose 0.65% year-over-year to 0.38; the trailing twelve-month figure through Dec 2025 stood at 0.38 (up 0.65% YoY), and the FY2025 full-year result was 0.38, up 0.65% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.38, up from 0.32 in the prior quarter.
  • The five-year high for Debt Ratio was 0.54 in Q1 2021, with the low at 0.27 in Q1 2022.
  • Historically, Debt Ratio has averaged 0.35 across 5 years, with a median of 0.33 in 2024.
  • Annual changes were most pronounced in 2022 — Debt Ratio slumped 49.97% — and 2024, when it rose 21.69%.
  • Safe Bulkers' Debt Ratio stood at 0.33 in 2021, then grew by 2.32% to 0.33 in 2022, then grew by 13.82% to 0.38 in 2023, then gained by 1.04% to 0.38 in 2024, then grew by 0.65% to 0.38 in 2025.
  • The last three Debt Ratio figures came in at 0.38 (Q4 2025), 0.32 (Q3 2025), and 0.35 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 C3is 744.65 Bn 744.65 Bn 9.11 Mn 0.01
2 Kirby 7.86 Bn 7.78 Bn 291.34 Mn 0.15
3 Matson 5.69 Bn 5.59 Bn - 0.07
4 Hafnia 3.63 Bn 3.52 Bn 152.41 Mn 0.29
5 Star Bulk Carriers 3.14 Bn 3.13 Bn 371.22 Mn 0.28
6 ZIM Integrated Shipping Services 3.12 Bn 1.01 Bn 57.20 Mn -
7 Costamare 1.93 Bn 1.42 Bn - 0.38
8 Navios Maritime Partners 1.87 Bn 1.47 Bn 262.01 Mn 0.19
9 Global Ship Lease 1.37 Bn 1.37 Bn - 0.23
10 Safe Bulkers 1,950.00 -146.39 Mn -24.78 Mn 0.38

Historic Data

Download Data
DateValue
Dec 31, 2025 0.38
Sep 30, 2025 0.32
Jun 30, 2025 0.35
Mar 31, 2025 0.34
Dec 31, 2024 0.38
Sep 30, 2024 0.33
Jun 30, 2024 0.31
Mar 31, 2024 0.33
Dec 31, 2023 0.38
Sep 30, 2023 0.29
Jun 30, 2023 0.31
Mar 31, 2023 0.27
Dec 31, 2022 0.33
Sep 30, 2022 0.30
Jun 30, 2022 0.29
Mar 31, 2022 0.27
Dec 31, 2021 0.33
Sep 30, 2021 0.42
Jun 30, 2021 0.48
Mar 31, 2021 0.54