Pingtan Marine Enterprise Ltd.

NasdaqCM:PME Stock Report

Market Cap: US$23.2m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Pingtan Marine Enterprise Balance Sheet Health

Financial Health criteria checks 1/6

Key information

451.0%

Debt to equity ratio

US$369.07m

Debt

Interest coverage ration/a
CashUS$4.05m
EquityUS$81.84m
Total liabilitiesUS$474.19m
Total assetsUS$556.03m

Recent financial health updates

Recent updates

Pingtan Marine climbs 18% premarket on regaining compliance with Nasdaq minimum bid price requirement

Jul 05

Pingtan Marine Enterprise gets another noncompliance notice

May 28

Pingtan Marine rallies on reporting 100% increase in revenue guidance for FY 2021

Jan 14

Pingtan Marine Enterprise prices registered direct offering for $4M

Jan 08

Should You Use Pingtan Marine Enterprise's (NASDAQ:PME) Statutory Earnings To Analyse It?

Dec 18
Should You Use Pingtan Marine Enterprise's (NASDAQ:PME) Statutory Earnings To Analyse It?

How Much Did Pingtan Marine Enterprise's(NASDAQ:PME) Shareholders Earn From Share Price Movements Over The Last Three Years?

Nov 30
How Much Did Pingtan Marine Enterprise's(NASDAQ:PME) Shareholders Earn From Share Price Movements Over The Last Three Years?

Pingtan Marine reports Q3 results

Nov 09

Financial Position Analysis

Short Term Liabilities: PME's short term assets ($215.6M) do not cover its short term liabilities ($288.6M).

Long Term Liabilities: PME's short term assets ($215.6M) exceed its long term liabilities ($185.6M).


Debt to Equity History and Analysis

Debt Level: PME's net debt to equity ratio (446%) is considered high.

Reducing Debt: PME's debt to equity ratio has increased from 42.3% to 451% over the past 5 years.

Debt Coverage: PME's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: Insufficient data to determine if PME's interest payments on its debt are well covered by EBIT.


Balance Sheet


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