Tsakos Energy Navigation LTD balance sheet

At the end of fiscal 2025, Tsakos Energy Navigation LTD had total assets of $3.95bn and shareholders' equity of $1.82bn. It held $293m in cash against $1.93bn of debt: net debt of $1.64bn.

Balance sheet

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

Tsakos Energy Navigation 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	296	277	176	144	162	202	290	188	190	205	185	160	117	304	372	343	293
Receivables	—	24	23	29	22	42	45	38	27	35	40	25	31	78	47	26	41
Inventory	—	14	20	14	20	16	14	19	16	20	13	22	23	26	23	19	13
Total current assets	—	367	288	224	233	290	452	358	304	318	397	321	240	513	509	452	435
Total assets	—	2,702	2,535	2,451	2,484	2,699	2,893	3,278	3,374	3,205	3,154	3,112	2,895	3,309	3,364	3,707	3,953
Accounts payable	—	24	24	34	52	33	33	53	47	38	37	55	75	48	40	56	43
Deferred revenue (current)	—	9	7	5	14	10	12	8	14	6	12	13	9	26	32	37	17
Total current liabilities	—	217	280	259	228	327	401	393	339	254	354	382	332	370	323	409	458
Short-term debt	—	—	—	—	—	228	318	288	226	161	236	232	173	194	186	245	295
Long-term debt	—	—	1,516	1,442	1,380	1,190	1,074	1,466	1,526	1,435	1,299	1,268	1,200	1,218	1,221	1,354	1,487
Total debt	0	0	1,516	1,442	1,380	1,418	1,400	1,766	1,763	1,607	1,545	1,510	1,381	1,588	1,573	1,757	1,930
Shareholders' equity	914	1,016	917	925	986	1,167	1,403	1,405	1,494	1,495	1,451	1,354	1,241	1,472	1,619	1,728	1,819
Net debt (negative = net cash)	−296	−277	1,340	1,298	1,218	1,216	1,110	1,578	1,573	1,402	1,360	1,349	1,263	1,283	1,201	1,414	1,637
Shares outstanding	—	—	—	—	—	—	—	—	—	—	19m	18m	—	30m	30m	30m	30m

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