Eurodry Ltd. key statistics and ratios

In fiscal 2022, Eurodry Ltd. had return on equity of 34.8%, an operating margin of 45.8%, debt equal to 71.8% of equity and a current ratio of 1.76. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Eurodry Ltd.: financial ratios, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022
Gross margin	98.4%	—	—	—	—
Operating margin	15.4%	10.4%	−11.6%	56.8%	45.8%
Net margin	4.3%	0.1%	−24.9%	45.5%	45.0%
Free-cash-flow margin	−96.7%	48.6%	7.3%	3.4%	44.2%
Return on equity	2.6%	0.0%	−15.4%	54.9%	34.8%
Return on assets	0.9%	0.0%	−5.2%	23.2%	18.6%
Asset turnover	0.20	0.23	0.21	0.51	0.41
Current ratio	1.61	0.86	0.31	1.72	1.76
Debt to equity	146.7%	136.1%	148.5%	100.6%	71.8%
Interest cover (operating income ÷ interest)	1.6x	0.9x	n/m	19.1x	9.4x
Capital spending as % of revenue	112.0%	3.9%	2.6%	53.8%	0.0%
Free cash flow ÷ net income	<−999%	>999%	—	7.4%	98.3%
Dividends and buybacks ÷ free cash flow	—	—	0.0%	0.0%	6.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 7 checks passed · December 31, 2025

What it owns · $212m

Short-term assets $29mLonger-term assets $183m

What it owes, and who funded it · $203m

Short-term liabilities $19mLonger-term liabilities $91mShareholders' equity $93m

Short-term assets cover short-term liabilities $29m of assets due within a year against $19m of liabilities due within a year.
Short-term assets cover long-term liabilities $29m short-term assets against $91m of longer-dated liabilities.
More cash than debt $20m of cash against $103m of debt.
Debt below 40% of shareholders' equity Debt is 110% of equity.
Debt burden no higher than five years ago Debt to equity moved from 108% to 110% over five years.
A year's operating cash flow covers at least 20% of debt $13m of operating cash flow against $103m of debt.
Operating profit covers interest at least five times over Operating income of $3m against $7m of interest.

From Eurodry Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Eurodry Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Eurodry Ltd.