TENTsakos Energy Navigation Limited
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and typical volatility.
Insiders were net sellers (-$835K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -69% · now 2% 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 TEN take a bad year?
Tsakos Energy Navigation Limited carries $1.50B of net debt at 2.70× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.70×
Net debt / EBITDA · 2.06× a year ago · the load is going up
- Interest cover
- 4.16×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 41%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $1.97B
- Cash and short-term investments
- $464M
- Net debt
- $1.50B
- EBITDA, trailing twelve months
- $557M
- Operating profit, trailing twelve months
- $383M
- Debt / equity
- 0.98×
- Total debt / EBITDA
- 3.54×
- Annualised volatilitytwo years of daily moves
- 41%
- Worst drawdown on file
- −69%
- Below its 52-week high
- 2.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Midstream
Ranks #15 of 22 by RyuScore