Safe Bulkers (SB) Interest Coverage Ratio (2009 - 2026)
Safe Bulkers' (SB) quarterly Interest Coverage Ratio came in at 6.58 in Q2 2026, down 391.62% on a YoY basis from 2.26 in Q2 2025, and down 62.39% quarter-over-quarter from 4.05 in Q1 2026.
Powered by 
Analysis
Safe Bulkers (SB) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has reported Interest Coverage Ratio for 18 consecutive years, with 6.58 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 391.62% year-over-year to 6.58; the trailing twelve-month figure through Jun 2026 stood at 2.2 (down 41.25% YoY), and the FY2025 full-year result was 6.31, down 54.12% from the prior year.
- Interest Coverage Ratio eased to 6.58 in Q2 2026 per SB's latest filing, from 4.05 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 0.62 in Q4 2025 and bottomed at 15.51 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 5.06 across 5 years, with a median of 4.14 in 2024.
- The sharpest annual moves came in 2023 and 2026: Interest Coverage Ratio jumped 77.76% in 2023, then sank 391.62% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 6.78 in 2022, then surged by 77.76% to 1.51 in 2023, then surged by 47.87% to 0.79 in 2024, then advanced by 21.46% to 0.62 in 2025, then sank by 966.56% to 6.58 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 6.58, 4.05, and 0.62 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | 19.06 |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 11.15 |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 99.31 |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 28.53 |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 27.49 |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 5.52 |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 11.03 |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 1.34 |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 12.46 |
| 10 | Safe Bulkers | 922.29 Mn | 787.76 Mn | 62.00 Mn | 6.58 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.58 |
| Mar 31, 2026 | -4.05 |
| Dec 31, 2025 | -0.62 |
| Sep 30, 2025 | -3.40 |
| Jun 30, 2025 | -1.34 |
| Mar 31, 2025 | -2.02 |
| Dec 31, 2024 | -0.79 |
| Sep 30, 2024 | -4.48 |
| Jun 30, 2024 | -4.55 |
| Mar 31, 2024 | -4.22 |
| Dec 31, 2023 | -1.51 |
| Sep 30, 2023 | -3.35 |
| Jun 30, 2023 | -3.75 |
| Mar 31, 2023 | -4.42 |
| Dec 31, 2022 | -6.78 |
| Sep 30, 2022 | -11.10 |
| Jun 30, 2022 | -15.51 |
| Mar 31, 2022 | -12.59 |
| Dec 31, 2021 | -22.69 |
| Sep 30, 2021 | -16.81 |