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
Does Gulf Marine Services (LON:GMS) Have A Healthy Balance Sheet?
Jun 29
Gulf Marine Services (LON:GMS) Takes On Some Risk With Its Use Of Debt
Dec 23Here's Why Gulf Marine Services (LON:GMS) Has A Meaningful Debt Burden
Sep 19Is Gulf Marine Services (LON:GMS) A Risky Investment?
Sep 27Recent updates
Returns Are Gaining Momentum At Gulf Marine Services (LON:GMS)
Oct 22Does Gulf Marine Services (LON:GMS) Have A Healthy Balance Sheet?
Jun 29Additional Considerations Required While Assessing Gulf Marine Services' (LON:GMS) Strong Earnings
Apr 25Gulf Marine Services PLC's (LON:GMS) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Apr 05Gulf Marine Services (LON:GMS) Takes On Some Risk With Its Use Of Debt
Dec 23We Like These Underlying Return On Capital Trends At Gulf Marine Services (LON:GMS)
Oct 16Here's Why Gulf Marine Services (LON:GMS) Has A Meaningful Debt Burden
Sep 19Why Gulf Marine Services' (LON:GMS) Shaky Earnings Are Just The Beginning Of Its Problems
May 01Gulf Marine Services (LON:GMS) Has Some Way To Go To Become A Multi-Bagger
Dec 14Is Gulf Marine Services (LON:GMS) A Risky Investment?
Sep 27Gulf Marine Services (LON:GMS) Will Be Hoping To Turn Its Returns On Capital Around
May 06Returns On Capital Signal Difficult Times Ahead For Gulf Marine Services (LON:GMS)
Jun 02Financial Position Analysis
Short Term Liabilities: GMS's short term assets ($49.8M) do not cover its short term liabilities ($306.4M).
Long Term Liabilities: GMS's short term assets ($49.8M) exceed its long term liabilities ($6.3M).
Debt to Equity History and Analysis
Debt Level: GMS's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: GMS's debt to equity ratio has reduced from 102.4% to 69.9% over the past 5 years.
Debt Coverage: GMS's debt is well covered by operating cash flow (39.8%).
Interest Coverage: GMS's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 19:45 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Gulf Marine Services PLC is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Slater | Arden Partners Plc. |
| Nour Sherif | Arqaam Capital Research Offshore S.A.L. |
| Michael Pickup | Barclays |