Euroseas Ltd.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $176.5M | $73.7M | $58.6M | $25.8M | $26.5M | $3.6M | $985.4K | $7.0M |
| Accounts Receivable | $10.2M | $4.6M | $2.0M | $573.0K | $1.3M | $2.0M | $715.1K | $958.7K |
| Inventory | $2.8M | $3.2M | $2.5M | $2.3M | $2.3M | $1.7M | $1.9M | $1.7M |
| Total Current Assets | $192.4M | $84.7M | $66.0M | $46.9M | $32.9M | $9.7M | $6.3M | $12.0M |
| Property, Plant & Equipment | $465.9M | $443.4M | $267.6M | $216.6M | $176.1M | $98.5M | $116.2M | $48.8M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $700.5M | $591.2M | $424.7M | $328.6M | $221.4M | $110.6M | $126.9M | $67.0M |
| Liabilities | ||||||||
| Accounts Payable | — | — | $5.7M | $5.2M | $2.8M | $2.9M | $3.9M | $2.3M |
| Total Current Liabilities | $39.4M | $57.2M | $51.2M | $73.7M | $37.1M | $28.6M | $24.9M | $11.6M |
| Long-Term Debt | $197.7M | $168.5M | $99.2M | $51.8M | $89.0M | $46.2M | $72.2M | $31.7M |
| Total Liabilities | $237.0M | $228.3M | $158.1M | $160.4M | $144.6M | $75.2M | $98.8M | $44.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $204.5M | $103.9M | $7.9M | $-92.6M | $-188.0M | $-230.3M | $-233.7M | $-230.2M |
| Total Stockholders' Equity | $463.4M | $362.9M | $266.6M | $168.2M | $76.9M | $27.3M | $20.5M | $3.8M |