What Does Star Bulk Carriers Debt Look Like?

What Does Star Bulk Carriers Debt Look Like?

Shares of Star Bulk Carriers Inc. (NASDAQ:SBLK) increased by 10.39% in the past three months. Before having a look at the importance of debt, let's look at how much debt Star Bulk Carriers has.

Star Bulk Carriers Debt

Based on Star Bulk Carriers's balance sheet as of March 15, 2022, long-term debt is at $1.33 billion and current debt is at $207.13 million, amounting to $1.54 billion in total debt. Adjusted for $450.29 million in cash-equivalents, the company's net debt is at $1.09 billion.

Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is …

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