Want to see EDRY full AI Analyst Report?
Time Charter Equivalent
Measures revenue earned per ship per day after subtracting voyage-related costs like fuel and port fees. Higher TCE means the fleet is generating more cash per operating day, directly affecting profitability, dividend capacity, and sensitivity to freight-market swings.After a post‑2021 slump that bottomed across 2022–mid‑2025, Time Charter Equivalent has rebounded sharply since mid‑2025 into Q1 2026, underpinning EuroDry’s return to profitability and a big EBITDA swing. Management’s modest FFA hedges lock short‑term cash and reduce volatility but limit upside versus spot; combined with higher breakeven levels and conditional newbuild financing, continued rate strength is required to sustain cash flow and fund fleet expansion—so this recovery is promising but hinges on market durability and execution of financing/delivery plans.
Date | Time Charter Equivalent |
|---|---|
Jun 30, 2026 | 20.40K |
Mar 31, 2026 | 14.42K |
Dec 31, 2025 | 16.26K |
Sep 30, 2025 | 13.23K |
Jun 30, 2025 | 10.43K |
Mar 31, 2025 | 7.17K |
Dec 31, 2024 | 12.20K |
Sep 30, 2024 | 13.11K |
Jun 30, 2024 | 14.43K |
Mar 31, 2024 | 12.46K |