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Star Bulk Carriers Corp. logo
Star Bulk Carriers Corp. SBLK
$ 26.72 0.6%
report update icon

Quarterly report 2026-Q2
added 08-07-2026

Star Bulk Carriers Corp. Balance Sheet 2025-2008 | SBLK

Brief overview of Star Bulk Carriers Corp.'s balance sheet strength

The review uses the five latest available annual reports between 2021 and 2025.

The size of the balance sheet remained broadly stable, moving from $3.8 billion to $3.8 billion. There was no meaningful expansion.

Liabilities increased less than assets, posting -19% versus +1.3%. That relationship usually strengthens the balance sheet.

Equity accounts for 64.4% of assets. Against the initial 55.4%, the capital position looks resilient.

Negative net debt of -$450.1 million means cash holdings are larger than debt obligations.

The balance sheet includes a negative accumulated result of -$555.8 million. It should be assessed alongside historical profits and capital distributions.

Balance sheet takeaway

Star Bulk Carriers Corp.'s financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.

Annual Balance Sheet Star Bulk Carriers Corp.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

-450 M -384 M -207 M -84.6 M - 805 M 892 M 529 M 539 M 770 M 704 M 776 M 146 M 211 M 251 M - - -

Long Term Debt

9.83 M 12.5 M 15.2 M 175 M - 988 M 1.01 B 734 M 623 M 792 M 785 M 765 M 172 M 195 M 231 M - - -

Long Term Debt Current

28.6 M 28.2 M 5.25 M 9.96 M - - - - - - - - - - - - - -

Total Non Current Liabilities

- - - - - 1.38 B 1.38 B 1.28 B 838 M 946 M 863 M 768 M 172 M 196 M 232 M - - -

Total Current Liabilities

384 M 400 M 359 M 283 M 291 M 266 M 311 M 223 M 219 M 28.1 M 167 M 140 M 29.7 M 42.4 M 52.2 M 43.2 M - -

Total Liabilities

1.36 B 1.6 B 1.37 B 1.41 B 1.67 B 1.64 B 1.69 B 1.5 B 1.06 B 974 M 1.03 B 908 M 202 M 238 M 284 M 215 M - -

Deferred Revenue

20.4 M 17.3 M 16.7 M 16.7 M 25 M 11.7 M 7.37 M 10.9 M 7.23 M 2.06 M 2.46 M 3.6 M 750 K 1.74 M 4.54 M 3.69 M - -

Retained Earnings

-556 M -606 M -633 M -649 M -546 M -996 M -1 B -980 M -1.04 B -1.03 B -872 M -414 M -402 M -404 M -86.1 M -2.15 M - -

Total Assets

3.81 B 4.09 B 3.03 B 3.43 B 3.75 B 3.19 B 3.24 B 3.02 B 2.15 B 2.01 B 2.16 B 2.06 B 468 M 355 M 718 M 703 M - -

Cash and Cash Equivalents

489 M 425 M 227 M 270 M - 183 M 118 M 205 M 258 M 182 M 208 M 86 M 53.5 M 21.7 M 15.1 M 12.8 M 40.1 M 29.5 M

Book Value

2.45 B 2.48 B 1.66 B 2.02 B 2.08 B 1.55 B 1.54 B 1.52 B 1.09 B 1.04 B 1.14 B 1.15 B 266 M 117 M 434 M 488 M - -

Total Shareholders Equity

2.45 B 2.48 B 1.66 B 2.02 B 2.08 B 1.55 B 1.54 B 1.52 B 1.09 B 1.04 B 1.14 B 1.15 B 266 M 117 M 434 M 488 M 499 M 560 M

All numbers in USD currency

Quarterly Balance Sheet Star Bulk Carriers Corp.

2026-Q2 2025-Q4 2025-Q2 2024-Q4 2024-Q2 2023-Q4 2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2009-Q4 2008-Q4

Long Term Debt

8.48 M 9.83 M 11.2 M 12.5 M 13.9 M 15.2 M 157 M - - - - 402 M - 444 M - 382 M - 314 M - 370 M - 357 M - 541 M - - - - - - - - - 762 M - 912 M - 858 M - 862 M - 254 M - 190 M - 199 M - 224 M - 242 M - - - - - - - -

Total Liabilities

1.34 B 1.36 B 1.49 B 1.6 B 1.78 B 1.37 B 1.29 B - - - - 1.67 B - 1.73 B - 1.64 B - 1.67 B - 1.69 B - 1.56 B - 1.5 B - 1.09 B - 1.06 B - 1.07 B - 974 M - 1.01 B - 1.01 B - 983 M - 908 M - 271 M - 202 M - 209 M - 238 M - 254 M - 284 M - - - 215 M - -

Deferred Revenue

26.5 M 20.4 M 14.5 M 17.3 M 21.7 M 16.7 M 17.8 M - - - - 25 M - 21.3 M - 11.7 M - 11.2 M - 7.37 M - 15.8 M - 10.9 M - 6.52 M - 7.23 M - 1.86 M - 2.06 M - 2.64 M - 2.46 M - 1.86 M - 2.5 M - 804 K - 750 K - 1.3 M - 1.74 M - 4.17 M - 4.54 M - - - 3.69 M - -

Retained Earnings

-450 M -556 M -621 M -606 M -575 M -633 M -657 M - - - - -546 M - -867 M - -996 M - -1.05 B - -1 B - -1.03 B - -980 M - -1.02 B - -1.04 B - -1.05 B - -1.03 B - -954 M - -872 M - -519 M - -414 M - -406 M - -402 M - -402 M - -404 M - -93 M - -86.1 M - - - -2.15 M - -

Total Assets

3.85 B 3.81 B 3.89 B 4.09 B 4.24 B 3.03 B 3.29 B - - - - 3.75 B - 3.49 B - 3.19 B - 3.17 B - 3.24 B - 3.03 B - 3.02 B - 2.24 B - 2.15 B - 2.14 B - 2.01 B - 2.06 B - 2.15 B - 2.47 B - 2.06 B - 536 M - 468 M - 329 M - 355 M - 682 M - 718 M - - - 703 M - -

Cash and Cash Equivalents

498 M 489 M 396 M 425 M 463 M 227 M 285 M - - - - 450 M - 225 M - 183 M - 77.5 M - 118 M - 83.1 M - 205 M - 219 M - 258 M - 227 M - 182 M - 141 M - 208 M - 285 M - 86 M - 39.4 M - 53.5 M - 18.3 M - 21.7 M - 17.7 M - 32.1 M - 7.32 M - 12.8 M 40.1 M 29.5 M

Book Value

2.51 B 2.45 B 2.4 B 2.48 B 2.46 B 1.66 B 1.99 B - - - - 2.08 B - 1.76 B - 1.55 B - 1.49 B - 1.54 B - 1.48 B - 1.52 B - 1.15 B - 1.09 B - 1.07 B - 1.04 B - 1.06 B - 1.14 B - 1.49 B - 1.15 B - 264 M - 266 M - 119 M - 117 M - 428 M - 434 M - - - 488 M - -

Total Shareholders Equity

2.51 B 2.45 B 2.4 B 2.48 B 2.46 B 1.66 B 1.99 B - - - - 2.08 B - 1.76 B - 1.55 B - 1.49 B - 1.54 B - 1.48 B - 1.52 B - 1.15 B - 1.09 B - 1.07 B - 1.04 B - 1.06 B - 1.14 B - 1.49 B - 1.15 B - 264 M - 266 M - 119 M - 117 M - 428 M - 434 M - 486 M - 488 M 499 M 560 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Star Bulk Carriers Corp., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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