International Seaways Inc. Working Capital

Working Capital of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.


Highlights and Quick Summary

  • Working Capital for the quarter ending March 30, 2021 was $124 Million (a -16.44% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital increased by 11.42%
  • Annual Working Capital for 2020 was $148 Million (a 102.74% increase from previous year)
  • Annual Working Capital for 2019 was $73 Million (a -21.51% decrease from previous year)
  • Annual Working Capital for 2018 was $93 Million (a 9.41% increase from previous year)
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Historical Working Capital of International Seaways Inc.

Most recent Working Capitalof INSW including historical data for past 10 years.

Interactive Chart of Working Capital of International Seaways Inc.

International Seaways Inc. Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $123.67
2020 $148.0 $117.0 $111.0 $83.0 $148.0
2019 $73.0 $58.93 $77.25 $92.06 $73.0
2018 $92.35 $76.29 $101.33 $75.18 $93.0
2017 $84.56 $106.33 $145.87 $124.25 $85.0
2016 $125.81 $126.33 $301.27 $126.0
2015 $348.32
2014 $247.94 $247.94

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.