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 $21.3M making its interest coverage ratio 3.5. 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 | 3.5x |
| Cash | US$23.60m |
| Equity | US$171.06m |
| Total liabilities | US$195.43m |
| Total assets | US$366.49m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MMMP.F's short term assets ($166.8M) exceed its short term liabilities ($161.2M).
Long Term Liabilities: MMMP.F's short term assets ($166.8M) exceed its long term liabilities ($34.2M).
Debt to Equity History and Analysis
Debt Level: MMMP.F's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: MMMP.F's debt to equity ratio has increased from 20.9% to 51% over the past 5 years.
Debt Coverage: MMMP.F's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: MMMP.F's interest payments on its debt are well covered by EBIT (3.5x coverage).