ECOOkeanis Eco Tankers Corp.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and big price swings.
Insiders were net sellers (-$9.3M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -46% · now at/near 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 ECO take a bad year?
Okeanis Eco Tankers Corp. carries $488M of net debt at 2.40× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.40×
Net debt / EBITDA · 2.92× a year ago · the load is coming down
- Interest cover
- 3.86×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 46%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $605M
- Cash and short-term investments
- $117M
- Net debt
- $488M
- EBITDA, trailing twelve months
- $204M
- Operating profit, trailing twelve months
- $163M
- Debt / equity
- 1.06×
- Total debt / EBITDA
- 2.97×
- Annualised volatilitytwo years of daily moves
- 46%
- Worst drawdown on file
- −46%
- Below its 52-week high
- 1.5%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.