Marsden Maritime Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Marsden Maritime Holdings has a total shareholder equity of NZ$161.3M and total debt of NZ$31.6M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are NZ$195.7M and NZ$34.4M respectively. Marsden Maritime Holdings's EBIT is NZ$1.8M making its interest coverage ratio 1. It has cash and short-term investments of NZ$216.0K.
Key information
19.6%
Debt to equity ratio
NZ$31.60m
Debt
| Interest coverage ratio | 1x |
| Cash | NZ$216.00k |
| Equity | NZ$161.33m |
| Total liabilities | NZ$34.42m |
| Total assets | NZ$195.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMH's short term assets (NZ$1.2M) exceed its short term liabilities (NZ$754.0K).
Long Term Liabilities: MMH's short term assets (NZ$1.2M) do not cover its long term liabilities (NZ$33.7M).
Debt to Equity History and Analysis
Debt Level: MMH's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: MMH's debt to equity ratio has increased from 5.2% to 19.6% over the past 5 years.
Debt Coverage: MMH's debt is well covered by operating cash flow (25.7%).
Interest Coverage: MMH's interest payments on its debt are not well covered by EBIT (1x coverage).