OneWater Marine Balance Sheet Health
Financial Health criteria checks 3/6
OneWater Marine has a total shareholder equity of $390.8M and total debt of $869.8M, which brings its debt-to-equity ratio to 222.6%. Its total assets and total liabilities are $1.6B and $1.2B respectively. OneWater Marine's EBIT is $85.9M making its interest coverage ratio 1.2. It has cash and short-term investments of $18.4M.
Key information
222.6%
Debt to equity ratio
US$869.82m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$18.41m |
| Equity | US$390.75m |
| Total liabilities | US$1.20b |
| Total assets | US$1.59b |
Recent financial health updates
OneWater Marine (NASDAQ:ONEW) Has No Shortage Of Debt
Sep 18
Is OneWater Marine (NASDAQ:ONEW) A Risky Investment?
Jun 07Is OneWater Marine (NASDAQ:ONEW) A Risky Investment?
Jan 27We Think OneWater Marine (NASDAQ:ONEW) Is Taking Some Risk With Its Debt
May 10We Think OneWater Marine (NASDAQ:ONEW) Can Stay On Top Of Its Debt
Aug 17Recent updates
OneWater Marine Inc.'s (NASDAQ:ONEW) Earnings Haven't Escaped The Attention Of Investors
Oct 24Don't Wait For The Crash: Sell OneWater Marine Before It Sinks Further
Oct 09OneWater Marine (NASDAQ:ONEW) Has No Shortage Of Debt
Sep 18OneWater Marine Inc. Just Missed EPS By 54%: Here's What Analysts Think Will Happen Next
Aug 01OneWater Marine: Interesting MarineMax M&A And Q3 News Ahead
Jul 23Navigating Challenges And Opportunities In OneWater Marine's Financial Landscape
Jul 05Is OneWater Marine (NASDAQ:ONEW) A Risky Investment?
Jun 07More Unpleasant Surprises Could Be In Store For OneWater Marine Inc.'s (NASDAQ:ONEW) Shares After Tumbling 26%
May 01OneWater Marine: Solid Business With M&A Strategy Priced Attractively
Apr 05Is OneWater Marine (NASDAQ:ONEW) A Risky Investment?
Jan 27OneWater Marine: I'm A Little More Cautious Now, But Still A 'Buy' (FY2023 Update)
Jan 22OneWater Marine Inc.'s (NASDAQ:ONEW) Intrinsic Value Is Potentially 33% Above Its Share Price
Aug 06We Think OneWater Marine (NASDAQ:ONEW) Is Taking Some Risk With Its Debt
May 10OneWater Marine to acquire Gulf Coast marine dealership
Oct 11OneWater Marine: Sailing To Profits
Sep 11OneWater Marine and Forza X1 announce strategic partnership
Aug 18We Think OneWater Marine (NASDAQ:ONEW) Can Stay On Top Of Its Debt
Aug 17OneWater Marine: New M&A, 4x P/E, Rising Estimates
Jun 24OneWater Marine: EPS Up 38%, 4x P/E, New Share Buyback, 132% Upside
May 16OneWater: Strongly Growing Through Disciplined Acquisitions
May 04OneWater Marine: Rapidly Expanding By Multiple Acquisitions
Feb 11Financial Position Analysis
Short Term Liabilities: ONEW's short term assets ($777.4M) exceed its short term liabilities ($607.7M).
Long Term Liabilities: ONEW's short term assets ($777.4M) exceed its long term liabilities ($591.5M).
Debt to Equity History and Analysis
Debt Level: ONEW's net debt to equity ratio (217.9%) is considered high.
Reducing Debt: ONEW's debt to equity ratio has reduced from 243% to 222.6% over the past 5 years.
Debt Coverage: ONEW's debt is not well covered by operating cash flow (4%).
Interest Coverage: ONEW's interest payments on its debt are not well covered by EBIT (1.2x coverage).