Mermaid Maritime Balance Sheet Health
Financial Health criteria checks 2/6
Mermaid Maritime has a total shareholder equity of THB5.7B and total debt of THB3.2B, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are THB13.6B and THB8.0B respectively. Mermaid Maritime's EBIT is THB699.5M making its interest coverage ratio 2.5. It has cash and short-term investments of THB890.3M.
Key information
56.1%
Debt to equity ratio
฿3.17b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ฿890.27m |
| Equity | ฿5.65b |
| Total liabilities | ฿7.97b |
| Total assets | ฿13.63b |
Recent financial health updates
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well
Sep 11
These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well
May 21These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Extensively
Jan 23Mermaid Maritime (SGX:DU4) Takes On Some Risk With Its Use Of Debt
Aug 18We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt
Jul 25Does Mermaid Maritime (SGX:DU4) Have A Healthy Balance Sheet?
Mar 03Recent updates
Mermaid Maritime Public Company Limited's (SGX:DU4) 27% Cheaper Price Remains In Tune With Earnings
Nov 18Do Mermaid Maritime's (SGX:DU4) Earnings Warrant Your Attention?
Oct 30These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well
Sep 11The Market Doesn't Like What It Sees From Mermaid Maritime Public Company Limited's (SGX:DU4) Earnings Yet As Shares Tumble 27%
Sep 11Earnings Not Telling The Story For Mermaid Maritime Public Company Limited (SGX:DU4) After Shares Rise 26%
May 28These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Reasonably Well
May 21Many Still Looking Away From Mermaid Maritime Public Company Limited (SGX:DU4)
Apr 01These 4 Measures Indicate That Mermaid Maritime (SGX:DU4) Is Using Debt Extensively
Jan 23Mermaid Maritime (SGX:DU4) Takes On Some Risk With Its Use Of Debt
Aug 18We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt
Jul 25Does Mermaid Maritime (SGX:DU4) Have A Healthy Balance Sheet?
Mar 03We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt
Aug 19Is Mermaid Maritime (SGX:DU4) Using Too Much Debt?
Apr 06A Look At Mermaid Maritime's (SGX:DU4) Share Price Returns
Feb 12Mermaid Maritime (SGX:DU4) Is Carrying A Fair Bit Of Debt
Dec 21Financial Position Analysis
Short Term Liabilities: DU4's short term assets (THB7.3B) exceed its short term liabilities (THB7.0B).
Long Term Liabilities: DU4's short term assets (THB7.3B) exceed its long term liabilities (THB926.3M).
Debt to Equity History and Analysis
Debt Level: DU4's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: DU4's debt to equity ratio has increased from 19.7% to 56.1% over the past 5 years.
Debt Coverage: DU4's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: DU4's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 22:25 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| 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
Mermaid Maritime Public Company Limited is covered by 6 analysts. 1 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 |
|---|---|
| Meghana Kande | CGS International |
| Suvro Sarkar | DBS Vickers Research |
| Amirah Yusoff | KGI Securities Co. Ltd. |