Mermaid Maritime Balance Sheet Health
Financial Health criteria checks 3/6
Mermaid Maritime has a total shareholder equity of THB6.4B and total debt of THB3.8B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are THB15.6B and THB9.2B respectively. Mermaid Maritime's EBIT is THB805.5M making its interest coverage ratio 3.1. It has cash and short-term investments of THB442.1M.
Key information
59.4%
Debt to equity ratio
฿3.81b
Debt
| Interest coverage ratio | 3.1x |
| Cash | ฿442.12m |
| Equity | ฿6.41b |
| Total liabilities | ฿9.17b |
| Total assets | ฿15.58b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MMMP.F's short term assets (THB8.2B) exceed its short term liabilities (THB7.6B).
Long Term Liabilities: MMMP.F's short term assets (THB8.2B) exceed its long term liabilities (THB1.6B).
Debt to Equity History and Analysis
Debt Level: MMMP.F's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: MMMP.F's debt to equity ratio has increased from 20.3% to 59.4% over the past 5 years.
Debt Coverage: MMMP.F's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: MMMP.F's interest payments on its debt are well covered by EBIT (3.1x coverage).