Mermaid Maritime Balance Sheet Health
Financial Health criteria checks 4/6
Mermaid Maritime has a total shareholder equity of $171.1M and total debt of $87.2M, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are $366.5M and $195.4M respectively. Mermaid Maritime's EBIT is $21.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $23.6M.
Key information
51.0%
Debt to equity ratio
US$87.21m
Debt
Interest coverage ratio | 3.4x |
Cash | US$23.60m |
Equity | US$171.06m |
Total liabilities | US$195.43m |
Total assets | US$366.49m |
Recent financial health updates
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 03We Think Mermaid Maritime (SGX:DU4) Has A Fair Chunk Of Debt
Aug 19Recent updates
These 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 ($166.8M) exceed its short term liabilities ($161.2M).
Long Term Liabilities: DU4's short term assets ($166.8M) exceed its long term liabilities ($34.2M).
Debt to Equity History and Analysis
Debt Level: DU4's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: DU4's debt to equity ratio has increased from 20.9% to 51% over the past 5 years.
Debt Coverage: DU4's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: DU4's interest payments on its debt are well covered by EBIT (3.4x coverage).