Seanergy Historical Income Statement
| SHIP Stock | USD 8.13 0.02 0.25% |
Historical analysis of Seanergy Maritime income statement accounts such as EBIT of 8.9 M, Ebitda of 27.3 M, Total Operating Expenses of 20.8 M or Net Income of 2.4 M can show how well Seanergy Maritime Holdings performed in making a profits. Evaluating Seanergy Maritime income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Seanergy Maritime's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Seanergy Maritime latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Seanergy Maritime is a good buy for the upcoming year.
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About Seanergy Income Statement Analysis
Seanergy Maritime Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Seanergy Maritime shareholders. The income statement also shows Seanergy investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Seanergy Maritime Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Seanergy Maritime. It is also known as Seanergy Maritime overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Total Revenue
Total revenue comprises all receipts Seanergy Maritime generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most accounts from Seanergy Maritime's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Seanergy Maritime current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seanergy Maritime Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Seanergy Maritime's Tax Provision is relatively stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 153.1M | 125.0M | 110.2M | 79.3M | Depreciation And Amortization | 19.9M | 28.3M | 28.8M | 17.0M |
Seanergy Maritime income statement Correlations
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Seanergy Maritime Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Seanergy Maritime income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 23.6M | 23.2M | 17.6M | 14.0M | 18.3M | 12.7M | |
| Selling General Administrative | 6.0M | 6.6M | 13.7M | 18.8M | 22.7M | 23.8M | |
| Other Operating Expenses | 74.5M | 63.6M | 87.9M | 94.9M | 88.9M | 71.1M | |
| Operating Income | 918K | (268K) | 48.0M | 9.5M | 21.3M | 22.4M | |
| Ebit | 918K | (2.6M) | 59.1M | 32.5M | 13.4M | 8.9M | |
| Ebitda | 11.9M | 12.5M | 79.1M | 60.8M | 42.3M | 27.3M | |
| Total Operating Expenses | 7.0M | 7.7M | 15.2M | 18.8M | 19.1M | 20.8M | |
| Net Income | (11.8M) | (28.8M) | 41.3M | 17.2M | 2.3M | 2.4M | |
| Income Tax Expense | 54K | 10.5M | 386K | (28K) | 71.0K | 67.5K | |
| Income Before Tax | (11.7M) | (18.4M) | 41.3M | 17.2M | 2.3M | 2.4M | |
| Net Income Applicable To Common Shares | (11.7M) | (18.4M) | 41.3M | 17.2M | 15.5M | 16.3M | |
| Depreciation And Amortization | 11.0M | 15.0M | 19.9M | 28.3M | 28.8M | 17.0M | |
| Total Revenue | 86.5M | 63.3M | 153.1M | 125.0M | 110.2M | 79.3M | |
| Gross Profit | 19.0M | 7.4M | 80.4M | 48.9M | 36.3M | 22.7M | |
| Cost Of Revenue | 67.5M | 56.0M | 72.7M | 76.1M | 73.9M | 48.0M | |
| Total Other Income Expense Net | (12.6M) | (18.1M) | (6.6M) | 7.7M | (19.1M) | (20.0M) | |
| Net Income From Continuing Ops | (11.7M) | (18.4M) | 41.3M | 17.2M | (8.1M) | (7.7M) | |
| Interest Income | 213K | 208K | 161K | 1.4M | 2.0M | 2.1M | |
| Net Interest Income | (23.6M) | (23.2M) | (17.6M) | (14.0M) | (18.6M) | (19.5M) | |
| Reconciled Depreciation | 11.0M | 12.7M | 17.2M | 23.4M | 24.7M | 17.3M |
Pair Trading with Seanergy Maritime
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Seanergy Maritime position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Seanergy Maritime will appreciate offsetting losses from the drop in the long position's value.Moving together with Seanergy Stock
Moving against Seanergy Stock
The ability to find closely correlated positions to Seanergy Maritime could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seanergy Maritime when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Seanergy Maritime - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Seanergy Maritime Holdings to buy it.
The correlation of Seanergy Maritime is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Seanergy Maritime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seanergy Maritime moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Seanergy Maritime can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Seanergy Stock Analysis
When running Seanergy Maritime's price analysis, check to measure Seanergy Maritime's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seanergy Maritime is operating at the current time. Most of Seanergy Maritime's value examination focuses on studying past and present price action to predict the probability of Seanergy Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seanergy Maritime's price. Additionally, you may evaluate how the addition of Seanergy Maritime to your portfolios can decrease your overall portfolio volatility.