SHIPSeanergy Maritime Holdings Corp
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, heavy debt (CCC), and typical volatility.
Insiders were net sellers (-$50K, 90 days to Oct 8, 2026), selling is often routine.
Highly leveraged, watch solvency. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -100% · now 7% 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 SHIP take a bad year?
Seanergy Maritime Holdings Corp carries $205M of net debt at 10.7× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q4 2018 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 10.7×
Net debt / EBITDA
- Interest cover
- 0.58×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 43%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ4 2018
- $211M
- Cash and short-term investments
- $6.7M
- Net debt
- $205M
- EBITDA, trailing twelve months
- $19M
- Operating profit, trailing twelve months
- $8.3M
- Debt / equity
- 9.92×
- Total debt / EBITDA
- 11.0×
- Annualised volatilitytwo years of daily moves
- 43%
- Worst drawdown on file
- −100%
- Below its 52-week high
- 6.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.