Euroseas LTD. balance sheet

At the end of fiscal 2025, Euroseas LTD. had total assets of $700m, total liabilities of $237m and shareholders' equity of $463m. It held $176m in cash against $219m of debt: net debt of $42.2m.

Balance sheet

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

Euroseas LTD.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	41	34	31	33	11	25	9	3	3	7	1	4	27	26	59	74	176
Receivables	—	2	1	1	2	2	1	1	1	1	1	2	1	1	2	5	10
Inventory	—	2	3	2	1	2	1	1	1	2	2	2	2	2	3	3	3
Total current assets	—	46	39	45	17	31	22	10	16	12	6	10	33	47	66	85	192
Total assets	—	322	296	278	157	191	172	144	162	67	127	111	221	329	425	591	700
Accounts payable	—	—	—	—	—	—	—	—	2	2	4	3	3	5	6	—	—
Deferred revenue (current)	—	2	2	1	1	1	0	0	1	0	1	1	3	8	11	8	5
Total current liabilities	—	25	21	22	19	25	19	11	19	12	25	29	37	74	51	57	39
Short-term debt	—	13	13	16	13	20	15	6	4	5	12	21	29	55	31	37	19
Long-term debt	—	75	62	46	33	35	26	44	30	32	72	46	89	52	99	168	198
Total debt	0	88	75	62	46	54	41	52	74	37	90	67	119	108	131	207	219
Total liabilities	—	103	84	69	52	60	45	56	80	44	99	75	145	160	158	228	237
Shareholders' equity	231	219	212	210	105	100	95	54	47	4	20	27	77	168	267	363	463
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	30	32	34	36	19	8	8	—	—	—	—	—
Net debt (negative = net cash)	−41	54	44	28	34	29	32	50	72	31	89	64	92	82	72	134	42
Shares outstanding	—	—	—	—	—	—	—	—	—	2m	6m	7m	7m	7m	7m	7m	7m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Euroseas LTD.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Euroseas LTD.