Safe Bulkers (SB) Interest Coverage Ratio (2009 - 2026)
Safe Bulkers' (SB) quarterly Interest Coverage Ratio came in at 13.75 in Q2 2026, down 78.35% YoY from 63.51 in Q2 2025, and down 20.04% on a QoQ basis from 11.45 in Q1 2026.
Safe Bulkers (SB) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Safe Bulkers (SB) has 18 years of Interest Coverage Ratio data on file, last reported at 13.75 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 78.35% year-over-year to 13.75 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 13.6 (up 521.01% YoY) and the FY2025 annual result came in at 1.99, up 148.57% from the prior year.
- Interest Coverage Ratio slipped to 13.75 in Q2 2026, from 11.45 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 0.71 in Q4 2024 to a low of 25.73 in Q2 2022.
- A 5-year average of 10.74 and a median of 9.99 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio tumbled 404.38% — and 2023, when it jumped 103.39%.
- Tracing SB's Interest Coverage Ratio over 5 years: stood at 10.49 in 2022, then jumped by 103.39% to 0.36 in 2023, then surged by 100.62% to 0.71 in 2024, then tumbled by 214.03% to 0.81 in 2025, then slumped by 1590.91% to 13.75 in 2026.
- The last three Interest Coverage Ratio figures came in at 13.75 (Q2 2026), 11.45 (Q1 2026), and 0.81 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.46 Bn | 7.42 Bn | 290.80 Mn | 0.53 |
| 2 | Matson | 6.58 Bn | 6.46 Bn | - | 0.36 |
| 3 | Hafnia | 3.91 Bn | 3.80 Bn | 152.41 Mn | -2.21 |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.55 Bn | 57.20 Mn | 0.16 |
| 5 | Star Bulk Carriers | 3.37 Bn | 2.87 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.45 Bn | 2.23 Bn | 12,231.53 Bn | - |
| 8 | Navios Maritime Partners | 2.38 Bn | 1.97 Bn | 326.09 Mn | -11.44 |
| 9 | Costamare | 1.81 Bn | 1.51 Bn | 185.32 Mn | -6.22 |
| 10 | Safe Bulkers | 826.18 Mn | 683.27 Mn | 62.00 Mn | -6.63 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -13.75 |
| Mar 31, 2026 | -11.45 |
| Dec 31, 2025 | -0.81 |
| Sep 30, 2025 | -9.73 |
| Jun 30, 2025 | -7.71 |
| Mar 31, 2025 | -8.35 |
| Dec 31, 2024 | 0.71 |
| Sep 30, 2024 | -9.83 |
| Jun 30, 2024 | -9.70 |
| Mar 31, 2024 | -9.57 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | -10.15 |
| Jun 30, 2023 | -11.08 |
| Mar 31, 2023 | -11.39 |
| Dec 31, 2022 | -10.49 |
| Sep 30, 2022 | -18.96 |
| Jun 30, 2022 | -25.73 |
| Mar 31, 2022 | -25.67 |
| Dec 31, 2021 | -22.69 |
| Sep 30, 2021 | 11.76 |