Gulf Marine Services Balance Sheet Health
Financial Health criteria checks 3/6
Gulf Marine Services has a total shareholder equity of $351.9M and total debt of $245.9M, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are $664.5M and $312.7M respectively. Gulf Marine Services's EBIT is $55.9M making its interest coverage ratio 2.2. It has cash and short-term investments of $7.5M.
Key information
69.9%
Debt to equity ratio
US$245.94m
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$7.52m |
| Equity | US$351.85m |
| Total liabilities | US$312.70m |
| Total assets | US$664.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMSL's short term assets ($49.8M) do not cover its short term liabilities ($306.4M).
Long Term Liabilities: GMSL's short term assets ($49.8M) exceed its long term liabilities ($6.3M).
Debt to Equity History and Analysis
Debt Level: GMSL's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: GMSL's debt to equity ratio has reduced from 102.4% to 69.9% over the past 5 years.
Debt Coverage: GMSL's debt is well covered by operating cash flow (39.8%).
Interest Coverage: GMSL's interest payments on its debt are not well covered by EBIT (2.2x coverage).