Safe Bulkers (SB) Debt Ratio (2009 - 2026)

Safe Bulkers' (SB) quarterly Debt Ratio came in at 0.36 in Q2 2026, down 8.73% YoY from 0.39 in Q2 2025, and down 6.56% on a QoQ basis from 0.38 in Q1 2026.

Safe Bulkers (SB) Debt Ratio (2009 - 2026) Analysis & Trends

Safe Bulkers (SB) has 18 years of Debt Ratio data on file, last reported at 0.36 in Q2 2026.

  • Quarterly Debt Ratio fell 8.73% year-over-year to 0.36 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.36 (down 8.73% YoY) and the FY2025 annual result came in at 0.38, up 0.65% from the prior year.
  • Debt Ratio slipped to 0.36 in Q2 2026, from 0.38 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.39 in Q2 2025 to a low of 0.33 in Q4 2022.
  • A 5-year average of 0.37 and a median of 0.38 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio slumped 30.14% — and 2024, when it rose 15.89%.
  • Tracing SB's Debt Ratio over 5 years: stood at 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, then fell by 7.03% to 0.36 in 2026.
  • The last three Debt Ratio figures came in at 0.36 (Q2 2026), 0.38 (Q1 2026), and 0.38 (Q4 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Kirby 7.46 Bn 7.42 Bn 290.80 Mn 0.17
2 Matson 6.58 Bn 6.46 Bn - 0.07
3 Hafnia 3.91 Bn 3.80 Bn 152.41 Mn 0.29
4 ZIM Integrated Shipping Services 3.47 Bn 2.55 Bn 57.20 Mn -
5 Star Bulk Carriers 3.37 Bn 2.87 Bn - 0.27
6 Danaos 2.66 Bn 1.43 Bn 217.68 Mn 0.22
7 Okeanis Eco Tankers 2.45 Bn 2.23 Bn 12,231.53 Bn 0.44
8 Navios Maritime Partners 2.38 Bn 1.97 Bn 326.09 Mn 0.19
9 Costamare 1.81 Bn 1.51 Bn 185.32 Mn 0.43
10 Safe Bulkers 826.18 Mn 683.27 Mn 62.00 Mn 0.36

Historic Data

Download Data
DateValue
Jun 30, 2026 0.36
Mar 31, 2026 0.38
Dec 31, 2025 0.38
Sep 30, 2025 0.38
Jun 30, 2025 0.39
Mar 31, 2025 0.38
Dec 31, 2024 0.38
Sep 30, 2024 0.36
Jun 30, 2024 0.37
Mar 31, 2024 0.39
Dec 31, 2023 0.38
Sep 30, 2023 0.35
Jun 30, 2023 0.36
Mar 31, 2023 0.34
Dec 31, 2022 0.33
Sep 30, 2022 0.39
Jun 30, 2022 0.38
Mar 31, 2022 0.37
Dec 31, 2021 0.33
Sep 30, 2021 0.47