Diana Shipping Inc. (DSX) Balance Sheet
DSX balance sheet, 2025
December 31, 2025 · U.S. dollars$1.17B assets = $667.8M liabilities + $502.4M equity
Both columns are drawn to the same scale: what DSX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DSX financial health
Descriptive bands, not a rating. Fiscal 2025.
DSX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.67B2016 | $1.17B2025 | −3.9%/yr | |
| Total liabilities | $612.1M2016 | $667.8M2025 | +1.0%/yr | |
| Shareholders’ equity | $1.06B2016 | $502.4M2025 | −7.9%/yr | |
| Cash & short-term investments | $98.1M2016 | $240.4M2025 | +10.5%/yr | |
| Total debt | $598.2M2016 | $636.1M2025 | +0.7%/yr | |
| Net cash (debt) | −$500.0M2016 | −$395.7M2025 | +$104.4M | |
| Working capital | $37.1M2016 | $173.3M2025 | +$136.2M | |
| Book value per share | $13.132016 | $4.552025 | −11.1%/yr | |
| Current ratio | 1.472016 | 2.932025 | +1.46 | |
| Debt / equity | 0.572016 | 1.272025 | +0.70 | |
| Shares outstanding | 80.4M2016 | 110.5M2025 | +3.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DSX assets
DSX liabilities and equity
DSX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DSX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $240.4M | $188.2M | $162.3M | $122.9M | $126.8M | $82.9M | $107.3M | $126.8M | $40.2M | $98.1M |
| Cash & equivalents | $122.3M | $124.7M | $101.6M | $76.4M | $126.8M | $82.9M | $107.3M | $126.8M | $40.2M | $98.1M |
| Short-term investments | $118.2M | $63.5M | $60.7M | $46.5M | — | — | — | — | — | — |
| Receivables | $3.7M | $6.8M | $6.0M | $6.3M | $3.8M | $6.4M | $7.9M | $2.9M | $87.6M | $6.0M |
| Inventory | $4.1M | $4.2M | $5.1M | $4.5M | $6.1M | $4.7M | $5.5M | $5.8M | $5.8M | $5.9M |
| Other current assets | $14.6M | $7.5M | $8.8M | $27.7M | $5.7M | $30.6M | $16.3M | $6.4M | $5.2M | $5.3M |
| Total current assets | $262.9M | $206.6M | $182.2M | $161.6M | $142.4M | $124.7M | $137.0M | $142.0M | $138.8M | $115.3M |
| Property, plant & equipment (net) | $826.7M | $880.1M | $924.5M | $996.7M | $682.6M | $737.9M | $904.4M | $1.01B | $1.08B | $1.47B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $53.9M | $47.2M | $24.1M | $8.2M | $7.6M | $0 | $1.7M | $3.3M | $3.2M | $6.0M |
| Other non-current assets | $26.8M | $37.0M | $35.6M | $16.4M | $9.6M | $9.9M | $28.2M | $28.7M | $28.5M | $73.4M |
| Total assets | $1.17B | $1.17B | $1.17B | $1.18B | $842.2M | $872.4M | $1.07B | $1.19B | $1.25B | $1.67B |
| Liabilities | ||||||||||
| Accounts payable | $10.6M | $9.0M | $9.7M | $11.2M | $9.8M | $8.6M | $11.4M | $11.1M | $8.0M | $6.6M |
| Short-term debt | $0 | $54.9M | $58.7M | $100.3M | $41.1M | $39.2M | $40.2M | $96.4M | $60.8M | $65.1M |
| Deferred revenue | — | $4.2M | $3.6M | $7.8M | $5.7M | $2.8M | $2.5M | $4.1M | $3.2M | $822,000 |
| Total current liabilities | $89.6M | $80.2M | $85.1M | $131.6M | $65.1M | $61.6M | $65.5M | $125.2M | $80.4M | $78.2M |
| Long-term debt | $575.8M | $582.7M | $584.0M | $663.4M | $423.7M | $420.3M | $434.7M | $434.1M | $540.6M | $533.1M |
| Other long-term liabilities | $92.0M | $3.1M | $8.2M | $0 | $25.1M | $23.5M | $986,000 | $843,000 | $81.3M | $79.0M |
| Total liabilities | $667.8M | $666.0M | $677.4M | $695.6M | $448.8M | $443.8M | $501.2M | $560.1M | $622.0M | $612.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $502.4M | $1.3M | $1.1M | $1.0M | $847,000 | $893,000 | $912,000 | $1.0M | $1.1M | $847,000 |
| Retained earnings (deficit) | −$628.5M | −$635.9M | −$613.9M | −$575.0M | −$590.3M | −$592.6M | −$452.6M | −$436.3M | −$447.1M | $70.4M |
| Accumulated other comprehensive income | — | $312,000 | $308,000 | $253,000 | $71,000 | $69,000 | $109,000 | $287,000 | $294,000 | $185,000 |
| Total shareholders' equity | $502.4M | $505.1M | $489.0M | $487.3M | $393.4M | $428.6M | $570.1M | $627.7M | $624.8M | $1.06B |
| Key figures | ||||||||||
| Total debt | $636.1M | $637.5M | $642.8M | $663.4M | $464.8M | $459.5M | $475.0M | $530.5M | $601.4M | $598.2M |
| Net cash (debt) | −$395.7M | −$449.4M | −$480.5M | −$540.5M | −$338.0M | −$376.6M | −$367.7M | −$403.7M | −$561.2M | −$500.0M |
| Working capital | $173.3M | $126.4M | $97.1M | $30.0M | $77.2M | $63.1M | $71.6M | $16.8M | $58.3M | $37.1M |
| Tangible book value | $502.4M | $505.1M | $489.0M | $487.3M | $393.4M | $428.6M | $570.1M | $627.7M | $624.8M | $1.06B |
| Book value per share | $4.55 | $4.26 | $4.80 | $5.85 | $4.64 | $4.98 | $5.99 | $5.99 | $6.53 | $13.13 |
| Shares outstanding | 110.5M | 118.7M | 101.9M | 83.3M | 84.9M | 86.1M | 95.2M | 104.7M | 95.7M | 80.4M |
| Current ratio | 2.93 | 2.58 | 2.14 | 1.23 | 2.19 | 2.02 | 2.09 | 1.13 | 1.73 | 1.47 |
| Quick ratio | 2.73 | 2.43 | 1.98 | 0.98 | 2.00 | 1.45 | 1.76 | 1.04 | 1.59 | 1.33 |
| Debt / equity | 1.27 | 1.26 | 1.31 | 1.36 | 1.18 | 1.07 | 0.83 | 0.85 | 0.96 | 0.57 |
| Equity / assets | 42.9% | 43.1% | 41.9% | 41.2% | 46.7% | 49.1% | 53.2% | 52.8% | 50.1% | 63.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $273.2M | $269.1M | $240.4M | $248.0M | $155.5M | $187.7M | $188.2M | $186.8M | $120.5M | $162.0M | $182.3M | $173.6M |
| Cash & equivalents | $117.9M | $124.5M | $122.3M | $93.9M | $65.1M | $187.7M | $124.7M | $151.8M | $100.5M | $162.0M | $161.6M | $173.6M |
| Short-term investments | $155.2M | $144.6M | $118.2M | $154.2M | $90.4M | $56.0M | $63.5M | $35.0M | $20.0M | $60.7M | $20.7M | — |
| Receivables | $6.7M | $0 | $3.7M | $0 | $5.2M | $0 | $6.8M | $0 | $7.4M | $6.0M | $5.9M | $0 |
| Inventory | $4.4M | $0 | $4.1M | $0 | $4.3M | $0 | $4.2M | $0 | $4.7M | $5.1M | $5.1M | $0 |
| Other current assets | $10.3M | $19.8M | $14.6M | $25.8M | $13.4M | $18.9M | $7.5M | $20.8M | $37.1M | $30.9M | $9.0M | $19.0M |
| Total current assets | $294.6M | $288.9M | $262.9M | $273.8M | $178.4M | $206.6M | $206.6M | $207.6M | $169.7M | $204.0M | $202.2M | $192.5M |
| Property, plant & equipment (net) | $809.9M | $818.6M | $826.7M | $835.5M | $844.7M | $861.9M | $880.1M | $888.6M | $895.1M | $904.0M | $924.5M | $950.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $58.4M | $54.1M | $53.9M | $53.2M | $64.2M | $54.0M | $47.2M | $48.2M | $49.2M | $41.3M | $24.1M | $13.0M |
| Other non-current assets | $32.5M | $27.2M | $26.8M | $21.3M | $44.0M | $21.2M | $37.0M | $16.7M | $34.4M | $14.1M | $15.6M | $18.5M |
| Total assets | $1.20B | $1.19B | $1.17B | $1.18B | $1.13B | $1.14B | $1.17B | $1.16B | $1.15B | $1.16B | $1.17B | $1.17B |
| Liabilities | ||||||||||||
| Accounts payable | $11.8M | — | $10.6M | — | $11.0M | — | $9.0M | — | $10.2M | $9.7M | $9.7M | — |
| Short-term debt | — | — | $0 | $0 | $55.2M | $0 | $54.9M | $0 | $56.7M | $58.7M | — | — |
| Deferred revenue | — | — | — | — | $4.1M | — | $4.2M | — | $3.1M | $3.6M | — | — |
| Total current liabilities | $135.1M | — | $89.6M | — | $80.4M | — | $80.2M | — | $81.0M | $85.1M | $85.1M | — |
| Long-term debt | $606.1M | $621.1M | $575.8M | $651.1M | $610.2M | $623.9M | $582.7M | $627.0M | $613.5M | $628.1M | $461.1M | $657.4M |
| Other long-term liabilities | $37.9M | $37.8M | $92.0M | $33.0M | $0 | $34.9M | $3.1M | $38.8M | $0 | $38.8M | $216.3M | $30.5M |
| Total liabilities | $643.9M | $658.9M | $667.8M | $684.1M | $638.4M | $658.8M | $666.0M | $665.8M | $648.6M | $667.0M | $677.4M | $687.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $502.4M | — | $1.2M | $484.8M | $1.3M | $495.4M | $1.3M | $1.1M | — | $486.4M |
| Retained earnings (deficit) | −$583.9M | — | −$628.5M | — | −$633.6M | — | −$635.9M | — | −$635.8M | −$613.9M | −$613.9M | — |
| Accumulated other comprehensive income | — | — | — | — | $3.5M | — | $312,000 | — | $308,000 | $308,000 | — | — |
| Total shareholders' equity | $551.5M | $529.9M | $502.4M | $499.7M | $492.8M | $484.8M | $505.1M | $495.4M | $499.9M | $496.4M | $489.0M | $486.4M |
| Key figures | ||||||||||||
| Total debt | $606.1M | $621.1M | $636.1M | $651.1M | $610.2M | $623.9M | $637.5M | $627.0M | $613.5M | $628.1M | $642.8M | $657.4M |
| Net cash (debt) | −$332.9M | −$352.0M | −$395.7M | −$403.1M | −$454.8M | −$436.2M | −$449.4M | −$440.2M | −$492.9M | −$466.2M | −$460.5M | −$483.8M |
| Working capital | $159.4M | — | $173.3M | — | $98.0M | — | $126.4M | — | $88.8M | $118.8M | $117.1M | — |
| Tangible book value | $551.5M | $529.9M | $502.4M | $499.7M | $492.8M | $484.8M | $505.1M | $495.4M | $499.9M | $496.4M | $489.0M | $486.4M |
| Book value per share | $4.73 | $4.72 | $4.49 | $4.50 | $4.45 | $4.43 | $4.22 | $4.12 | $4.34 | $4.46 | $4.64 | $4.75 |
| Shares outstanding | 116.7M | 112.3M | 112.0M | 111.1M | 110.7M | 109.5M | 119.7M | 120.2M | 115.2M | 111.4M | 105.5M | 102.5M |
| Current ratio | 2.18 | — | 2.93 | — | 2.22 | — | 2.58 | — | 2.10 | 2.40 | 2.38 | — |
| Quick ratio | 2.07 | — | 2.73 | — | 2.00 | — | 2.43 | — | 1.58 | 1.97 | 2.21 | — |
| Debt / equity | 1.10 | 1.17 | 1.27 | 1.30 | 1.24 | 1.29 | 1.26 | 1.27 | 1.23 | 1.27 | 1.31 | 1.35 |
| Equity / assets | 46.1% | 44.6% | 42.9% | 42.2% | 43.6% | 42.4% | 43.1% | 42.7% | 43.5% | 42.7% | 41.9% | 41.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
DSX financial position
At the end of fiscal 2025 (December 31, 2025), Diana Shipping had total assets of $1.2 billion (down 0.1% from a year earlier), total liabilities of $667.8 million and shareholders' equity of $502.4 million. It held $240.4 million in cash and short-term investments against $636.1 million of debt, net debt of $395.7 million. Its current ratio was 2.93. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $551.5 million.
Related: DSX income statement, DSX cash flow statement, DSX key metrics. See the DSX stock overview for the latest quote and news.
DSX balance sheet FAQ
What are Diana Shipping's total assets?
Diana Shipping reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Diana Shipping have?
Diana Shipping had $636.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.27.
How much cash does Diana Shipping have?
Diana Shipping held $240.4 million in cash and short-term investments at the end of fiscal 2025; with $636.1 million of debt that is net debt of $395.7 million.
What is Diana Shipping's book value?
Diana Shipping's shareholders' equity (book value) was $502.4 million at the end of fiscal 2025, or $4.55 per share.
What is Diana Shipping's current ratio?
Diana Shipping had current assets of $262.9 million and current liabilities of $89.6 million, a current ratio of 2.93 (it can cover its short-term obligations).