MarineMax Balance Sheet Health
Financial Health criteria checks 2/6
MarineMax has a total shareholder equity of $940.5M and total debt of $1.1B, which brings its debt-to-equity ratio to 121.5%. Its total assets and total liabilities are $2.6B and $1.7B respectively. MarineMax's EBIT is $151.8M making its interest coverage ratio 2.2. It has cash and short-term investments of $216.7M.
Key information
121.5%
Debt to equity ratio
US$1.14b
Debt
Interest coverage ratio | 2.2x |
Cash | US$216.68m |
Equity | US$940.46m |
Total liabilities | US$1.69b |
Total assets | US$2.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLW's short term assets ($1.3B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: MLW's short term assets ($1.3B) exceed its long term liabilities ($644.9M).
Debt to Equity History and Analysis
Debt Level: MLW's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: MLW's debt to equity ratio has increased from 80.7% to 121.5% over the past 5 years.
Debt Coverage: MLW's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MLW's interest payments on its debt are not well covered by EBIT (2.2x coverage).