DSXDiana Shipping Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -79% · now 6% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can DSX take a bad year?
Diana Shipping Inc. carries $472M of net debt at 5.32× EBITDA: a heavy load to carry through a bad year.
Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.32×
Net debt / EBITDA · 3.15× a year ago · the load is going up
- Interest cover
- 0.98×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 45%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $523M
- Cash and short-term investments
- $51M
- Net debt
- $472M
- EBITDA, trailing twelve months
- $89M
- Operating profit, trailing twelve months
- $42M
- Debt / equity
- 1.04×
- Total debt / EBITDA
- 5.89×
- Annualised volatilitytwo years of daily moves
- 45%
- Worst drawdown on file
- −79%
- Below its 52-week high
- 5.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.