International Seaways Inc. Net Debt

Net Debt of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Net Debt growth rates and interactive chart. Net debt is the sum of all interest-bearing debt (short-term and long-term) minus cash and short-term investments. A positive number indicates the company's total debt exceeds its cash and short-term investments balances, while a negative number means the company has more cash than its total debt. This figure is also used in Enterprise value calculation.

Highlights and Quick Summary

  • Net Debt for the quarter ending March 30, 2021 was $365 Million (a 2.46% increase compared to previous quarter)
  • Year-over-year quarterly Net Debt decreased by -27.19%
  • Annual Net Debt for 2020 was $356 Million (a -40.86% decrease from previous year)
  • Annual Net Debt for 2019 was $602 Million (a -20.05% decrease from previous year)
  • Annual Net Debt for 2018 was $753 Million (a 52.74% increase from previous year)
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Historical Net Debt of International Seaways Inc.

Most recent Net Debtof INSW including historical data for past 10 years.

Interactive Chart of Net Debt of International Seaways Inc.

International Seaways Inc. Net Debt for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $364.76
2020 $356.0 $435.0 $501.0 $558.0 $356.0
2019 $602.0 $699.37 $702.84 $726.1 $602.0
2018 $752.35 $736.44 $722.19 $467.8 $753.0
2017 $492.91 $452.31 $354.27 $338.83 $493.0
2016 $347.65 $329.23 $240.96 $347.0
2015 $286.36
2014 $423.11 $423.12

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.