For the quarter ended December 31st, 2010, we forecast that Baltic Trading Limited (NYSE: BALT) generated basic earnings per common share of $0.19 on net income of $4,300,000. Its net TCE revenues for the quarter were approximately $14,800,000. We also forecast that during the third quarter of 2010 BALT generated $5,200,000 in cash available for distribution to shareholders, or the equivalent cash dividend of $0.23 per share outstanding.
As of December 31st, 2010, the company had $101,250,000 in long-term debt and a total capitalization of approximately $391,000,000. Its debt to capitalization ratio stood at 25.9%.
BALT also had a remaining $48,750,000 under its amended 2010 credit facility, and cash on hand of approximately $9,000,000.
BALT operates a modern diversified fleet of 9 dry cargo vessels, consisting of 3 handy size vessels, 4 supramax size vessels and two cape size vessels, with a total DWT capacity of 670,000 MT.
As of December 31st, 2010, the company had $101,250,000 in long-term debt and a total capitalization of approximately $391,000,000. Its debt to capitalization ratio stood at 25.9%.
BALT also had a remaining $48,750,000 under its amended 2010 credit facility, and cash on hand of approximately $9,000,000.
BALT operates a modern diversified fleet of 9 dry cargo vessels, consisting of 3 handy size vessels, 4 supramax size vessels and two cape size vessels, with a total DWT capacity of 670,000 MT.
