Okeanis Historical Balance Sheet

ECO Stock

19.97 0.78 4.06%

Trend analysis of Okeanis Eco Tankers balance sheet accounts such as Other Current Liabilities of 5 M or Total Current Liabilities of 88.3 M provides information on Okeanis Eco's total assets, liabilities, and equity, which is the actual value of Okeanis Eco Tankers to its prevalent stockholders. By breaking down trends over time using Okeanis Eco balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Okeanis Eco Tankers latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Okeanis Eco Tankers is a good buy for the upcoming year.

Okeanis Eco Inventory

12.83 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About Okeanis Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Okeanis Eco Tankers at a specified time, usually calculated after every quarter, six months, or one year. Okeanis Eco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Okeanis Eco and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Okeanis currently owns. An asset can also be divided into two categories, current and non-current.

Okeanis Eco Balance Sheet Chart

At this time, Okeanis Eco's Net Debt is very stable compared to the past year. As of the 16th of December 2024, Retained Earnings is likely to grow to about 306.2 M, while Total Current Liabilities is likely to drop about 88.3 M.

Short Long Term Debt Total Other Current Liab Total Current Liabilities Property Plant Equipment

Total Current Liabilities

Total Current Liabilities is an item on Okeanis Eco balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Okeanis Eco Tankers are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Okeanis Eco's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Okeanis Eco Tankers current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	577.0M	739.0M	693.3M	718.0M
Total Assets	954.6M	1.2B	1.1B	1.2B

Short Long Term Debt Total Total Assets

Okeanis Eco balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets
Total Assets		1.0	0.27	0.99	0.93	0.99	0.88	0.99	0.72	0.87	0.63	0.99	0.72	0.63	0.71	0.97	0.99	0.73	0.9	-0.48	1.0	0.74	0.97	0.74	-0.52	0.76
Short Long Term Debt Total	1.0		0.31	0.98	0.9	1.0	0.85	1.0	0.68	0.86	0.59	1.0	0.71	0.59	0.67	0.97	1.0	0.7	0.89	-0.44	1.0	0.71	0.96	0.71	-0.48	0.72
Other Current Liab	0.27	0.31		0.26	0.0	0.31	0.12	0.34	-0.07	0.1	-0.1	0.31	-0.22	-0.1	0.14	0.29	0.34	0.02	-0.1	0.13	0.33	0.0	0.12	0.07	0.08	-0.13
Total Current Liabilities	0.99	0.98	0.26		0.93	0.97	0.91	0.97	0.77	0.91	0.64	0.97	0.65	0.64	0.78	0.95	0.97	0.8	0.88	-0.59	0.98	0.79	0.99	0.81	-0.53	0.83
Total Stockholder Equity	0.93	0.9	0.0	0.93		0.88	0.96	0.87	0.87	0.84	0.82	0.88	0.72	0.82	0.83	0.89	0.89	0.85	0.88	-0.66	0.9	0.9	0.96	0.81	-0.68	0.9
Property Plant And Equipment Net	0.99	1.0	0.31	0.97	0.88		0.83	1.0	0.66	0.86	0.54	1.0	0.71	0.54	0.62	0.96	1.0	0.65	0.9	-0.4	1.0	0.65	0.94	0.69	-0.43	0.69
Current Deferred Revenue	0.88	0.85	0.12	0.91	0.96	0.83		0.82	0.94	0.83	0.76	0.83	0.54	0.76	0.89	0.85	0.83	0.87	0.75	-0.77	0.85	0.89	0.92	0.9	-0.66	0.92
Net Debt	0.99	1.0	0.34	0.97	0.87	1.0	0.82		0.65	0.86	0.52	1.0	0.69	0.52	0.62	0.96	1.0	0.66	0.89	-0.4	1.0	0.65	0.94	0.69	-0.43	0.68
Retained Earnings	0.72	0.68	-0.07	0.77	0.87	0.66	0.94	0.65		0.8	0.7	0.66	0.5	0.7	0.82	0.73	0.66	0.87	0.61	-0.89	0.68	0.82	0.79	0.95	-0.73	0.92
Accounts Payable	0.87	0.86	0.1	0.91	0.84	0.86	0.83	0.86	0.8		0.52	0.86	0.7	0.52	0.7	0.9	0.85	0.85	0.79	-0.73	0.87	0.7	0.92	0.91	-0.63	0.84
Cash	0.63	0.59	-0.1	0.64	0.82	0.54	0.76	0.52	0.7	0.52		0.54	0.57	1.0	0.83	0.63	0.57	0.82	0.58	-0.6	0.58	0.95	0.68	0.57	-0.82	0.76
Non Current Assets Total	0.99	1.0	0.31	0.97	0.88	1.0	0.83	1.0	0.66	0.86	0.54		0.71	0.54	0.62	0.96	1.0	0.65	0.9	-0.4	1.0	0.65	0.94	0.69	-0.43	0.69
Non Currrent Assets Other	0.72	0.71	-0.22	0.65	0.72	0.71	0.54	0.69	0.5	0.7	0.57	0.71		0.57	0.31	0.79	0.71	0.58	0.82	-0.29	0.7	0.53	0.69	0.47	-0.65	0.51
Cash And Short Term Investments	0.63	0.59	-0.1	0.64	0.82	0.54	0.76	0.52	0.7	0.52	1.0	0.54	0.57		0.83	0.63	0.57	0.82	0.58	-0.6	0.58	0.95	0.68	0.57	-0.82	0.76
Net Receivables	0.71	0.67	0.14	0.78	0.83	0.62	0.89	0.62	0.82	0.7	0.83	0.62	0.31	0.83		0.66	0.65	0.91	0.54	-0.82	0.67	0.95	0.8	0.81	-0.67	0.92
Common Stock Shares Outstanding	0.97	0.97	0.29	0.95	0.89	0.96	0.85	0.96	0.73	0.9	0.63	0.96	0.79	0.63	0.66		0.97	0.77	0.83	-0.51	0.97	0.73	0.92	0.76	-0.65	0.72
Non Current Liabilities Total	0.99	1.0	0.34	0.97	0.89	1.0	0.83	1.0	0.66	0.85	0.57	1.0	0.71	0.57	0.65	0.97		0.68	0.89	-0.41	1.0	0.68	0.94	0.69	-0.47	0.69
Inventory	0.73	0.7	0.02	0.8	0.85	0.65	0.87	0.66	0.87	0.85	0.82	0.65	0.58	0.82	0.91	0.77	0.68		0.6	-0.88	0.7	0.93	0.82	0.89	-0.88	0.92
Other Current Assets	0.9	0.89	-0.1	0.88	0.88	0.9	0.75	0.89	0.61	0.79	0.58	0.9	0.82	0.58	0.54	0.83	0.89	0.6		-0.37	0.89	0.64	0.91	0.59	-0.4	0.72
Other Stockholder Equity	-0.48	-0.44	0.13	-0.59	-0.66	-0.4	-0.77	-0.4	-0.89	-0.73	-0.6	-0.4	-0.29	-0.6	-0.82	-0.51	-0.41	-0.88	-0.37		-0.44	-0.76	-0.63	-0.92	0.72	-0.89
Total Liab	1.0	1.0	0.33	0.98	0.9	1.0	0.85	1.0	0.68	0.87	0.58	1.0	0.7	0.58	0.67	0.97	1.0	0.7	0.89	-0.44		0.7	0.95	0.71	-0.48	0.72
Total Current Assets	0.74	0.71	0.0	0.79	0.9	0.65	0.89	0.65	0.82	0.7	0.95	0.65	0.53	0.95	0.95	0.73	0.68	0.93	0.64	-0.76	0.7		0.82	0.76	-0.81	0.9
Short Term Debt	0.97	0.96	0.12	0.99	0.96	0.94	0.92	0.94	0.79	0.92	0.68	0.94	0.69	0.68	0.8	0.92	0.94	0.82	0.91	-0.63	0.95	0.82		0.82	-0.56	0.88
Common Stock	0.74	0.71	0.07	0.81	0.81	0.69	0.9	0.69	0.95	0.91	0.57	0.69	0.47	0.57	0.81	0.76	0.69	0.89	0.59	-0.92	0.71	0.76	0.82		-0.69	0.91
Other Liab	-0.52	-0.48	0.08	-0.53	-0.68	-0.43	-0.66	-0.43	-0.73	-0.63	-0.82	-0.43	-0.65	-0.82	-0.67	-0.65	-0.47	-0.88	-0.4	0.72	-0.48	-0.81	-0.56	-0.69		-0.68
Net Tangible Assets	0.76	0.72	-0.13	0.83	0.9	0.69	0.92	0.68	0.92	0.84	0.76	0.69	0.51	0.76	0.92	0.72	0.69	0.92	0.72	-0.89	0.72	0.9	0.88	0.91	-0.68

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Okeanis Eco Account Relationship Matchups

Okeanis Eco balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.3B	954.6M	1.2B	1.1B	1.2B
Short Long Term Debt Total	732.7M	834.5M	577.0M	739.0M	693.3M	718.0M
Other Current Liab	17.5M	2.6M	3.3M	6.0M	4.1M	5.0M
Total Current Liabilities	85.4M	102.1M	61.5M	92.9M	105.6M	88.3M
Total Stockholder Equity	341.7M	397.2M	358.3M	422.2M	408.1M	411.4M
Property Plant And Equipment Net	1.1B	1.2B	883.5M	1.0B	988.2M	1.1B
Current Deferred Revenue	4.9M	6.5M	2.9M	10.2M	11.7M	12.3M
Net Debt	719.3M	811.1M	538.8M	657.7M	643.3M	676.9M
Retained Earnings	8.4M	66.0M	61.8M	146.4M	291.6M	306.2M
Accounts Payable	14.0M	17.7M	16.0M	11.8M	23.5M	16.5M
Cash	13.4M	23.3M	38.2M	81.3M	50.0M	41.1M
Non Current Assets Total	1.1B	1.2B	892.0M	1.0B	991.2M	1.1B
Non Currrent Assets Other	751.5K	6.4M	8.6M	4.5M	3.0M	4.4M
Cash And Short Term Investments	13.4M	23.3M	38.2M	81.3M	50.0M	41.1M
Net Receivables	20.2M	14.6M	7.4M	49.6M	57.5M	29.0M
Common Stock Shares Outstanding	32.3M	32.5M	32.4M	32.2M	32.2M	33.5M
Liabilities And Stockholders Equity	1.1B	1.3B	954.6M	1.2B	1.1B	1.2B
Non Current Liabilities Total	683.7M	760.4M	534.8M	668.3M	615.4M	656.4M
Inventory	6.6M	5.8M	12.6M	17.0M	25.4M	12.8M
Other Current Assets	2.3M	10.2M	4.3M	6.2M	5.2M	5.3M
Other Stockholder Equity	333.3M	331.3M	296.4M	275.8M	116.5M	223.0M
Total Liab	769.1M	862.5M	596.3M	761.1M	721.0M	744.7M
Total Current Assets	42.4M	53.9M	62.6M	154.4M	137.9M	88.3M
Short Term Debt	49.0M	75.3M	42.2M	66.5M	77.9M	61.1M

Pair Trading with Okeanis Eco

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Okeanis Eco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.

Moving together with Okeanis Stock

0.75	OP	Oceanpal	Pair Corr
0.88	SB	Safe Bulkers	Pair Corr

Moving against Okeanis Stock

0.88	HTCO	Caravelle International Symbol Change	Pair Corr
0.79	SB-PD	Safe Bulkers	Pair Corr
0.72	SB-PC	Safe Bulkers	Pair Corr
0.6	ZIM	ZIM Integrated Shipping	Pair Corr
0.56	ICON	Icon Energy Corp	Pair Corr

The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Okeanis Eco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Okeanis Eco Tankers to buy it.

The correlation of Okeanis Eco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Okeanis Eco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Okeanis Eco Tankers offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okeanis Eco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okeanis Eco Tankers Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okeanis Eco Tankers Stock:

How To Invest In Okeanis

Details

Is Okeanis Stock a good investment?

Details

What is Okeanis Eco's Net Worth?

Details

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You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okeanis Eco. If investors know Okeanis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okeanis Eco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.25)

Earnings Share

3.63

Revenue Per Share

12.416

Quarterly Revenue Growth

(0.05)

Return On Assets

0.095

The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Okeanis Historical Balance Sheet

Okeanis Eco Inventory

12.83 Million

About Okeanis Balance Sheet Analysis

Okeanis Eco Balance Sheet Chart

Total Current Liabilities

Okeanis Eco balance sheet Correlations

Okeanis Eco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Okeanis Eco balance sheet Accounts

Pair Trading with Okeanis Eco

Moving together with Okeanis Stock

Moving against Okeanis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.92	Other Stockholder Equity
Net Tangible Assets	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.89	Retained Earnings
Other Liab	- 0.88	Inventory
Other Stockholder Equity	- 0.88	Inventory
Other Stockholder Equity	- 0.82	Net Receivables