Newport Marine Services Balance Sheet Health
Financial Health criteria checks 1/6
Newport Marine Services has a total shareholder equity of $17.2M and total debt of $15.9M, which brings its debt-to-equity ratio to 92.3%. Its total assets and total liabilities are $34.8M and $17.5M respectively. Newport Marine Services's EBIT is $1.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $488.2K.
Key information
92.3%
Debt to equity ratio
US$15.92m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$488.17k |
| Equity | US$17.24m |
| Total liabilities | US$17.53m |
| Total assets | US$34.77m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: BOAT's short term assets ($4.3M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: BOAT's short term assets ($4.3M) do not cover its long term liabilities ($15.1M).
Debt to Equity History and Analysis
Debt Level: BOAT's net debt to equity ratio (89.5%) is considered high.
Reducing Debt: Insufficient data to determine if BOAT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BOAT's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: BOAT's interest payments on its debt are not well covered by EBIT (1.2x coverage).