OneWater Marine Balance Sheet Health
Financial Health criteria checks 2/6
OneWater Marine has a total shareholder equity of $384.3M and total debt of $1.0B, which brings its debt-to-equity ratio to 260.9%. Its total assets and total liabilities are $1.7B and $1.3B respectively. OneWater Marine's EBIT is $146.9M making its interest coverage ratio 2.3. It has cash and short-term investments of $44.6M.
Key information
260.9%
Debt to equity ratio
US$1.00b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$44.57m |
| Equity | US$384.31m |
| Total liabilities | US$1.31b |
| Total assets | US$1.69b |
Recent financial health updates
Is OneWater Marine (NASDAQ:ONEW) A Risky Investment?
Jan 27
We 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
More 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 11OneWater Marine Faces Supply Chain & Inflation Pressures
Nov 22We Think OneWater Marine (NASDAQ:ONEW) Might Have The DNA Of A Multi-Bagger
Nov 04OneWater Marine Inc.'s (NASDAQ:ONEW) Price Is Right But Growth Is Lacking
Aug 19Financial Position Analysis
Short Term Liabilities: ONEW's short term assets ($887.3M) exceed its short term liabilities ($699.0M).
Long Term Liabilities: ONEW's short term assets ($887.3M) exceed its long term liabilities ($609.7M).
Debt to Equity History and Analysis
Debt Level: ONEW's net debt to equity ratio (249.3%) is considered high.
Reducing Debt: ONEW's debt to equity ratio has increased from 197.3% to 260.9% over the past 5 years.
Debt Coverage: ONEW's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ONEW's interest payments on its debt are not well covered by EBIT (2.3x coverage).