Gulf Marine Services Balance Sheet Health
Financial Health criteria checks 2/6
Gulf Marine Services has a total shareholder equity of $330.3M and total debt of $275.9M, which brings its debt-to-equity ratio to 83.5%. Its total assets and total liabilities are $668.3M and $338.1M respectively. Gulf Marine Services's EBIT is $54.8M making its interest coverage ratio 1.8. It has cash and short-term investments of $8.7M.
Key information
83.5%
Debt to equity ratio
US$275.94m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$8.71m |
| Equity | US$330.28m |
| Total liabilities | US$338.05m |
| Total assets | US$668.33m |
Recent financial health updates
Gulf Marine Services (LON:GMS) Takes On Some Risk With Its Use Of Debt
Dec 23
Here'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
Additional 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 ($47.4M) do not cover its short term liabilities ($99.5M).
Long Term Liabilities: GMS's short term assets ($47.4M) do not cover its long term liabilities ($238.6M).
Debt to Equity History and Analysis
Debt Level: GMS's net debt to equity ratio (80.9%) is considered high.
Reducing Debt: GMS's debt to equity ratio has reduced from 99.1% to 83.5% over the past 5 years.
Debt Coverage: GMS's debt is well covered by operating cash flow (34.2%).
Interest Coverage: GMS's interest payments on its debt are not well covered by EBIT (1.8x coverage).