MarineMax Balance Sheet Health
Financial Health criteria checks 2/6
MarineMax has a total shareholder equity of $1.0B and total debt of $1.2B, which brings its debt-to-equity ratio to 117.2%. Its total assets and total liabilities are $2.6B and $1.6B respectively. MarineMax's EBIT is $171.2M making its interest coverage ratio 2.3. It has cash and short-term investments of $145.0M.
Key information
117.2%
Debt to equity ratio
US$1.18b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$145.01m |
| Equity | US$1.00b |
| Total liabilities | US$1.63b |
| Total assets | US$2.63b |
Recent financial health updates
MarineMax (NYSE:HZO) Use Of Debt Could Be Considered Risky
Sep 09
These 4 Measures Indicate That MarineMax (NYSE:HZO) Is Using Debt In A Risky Way
Mar 30Is MarineMax (NYSE:HZO) A Risky Investment?
Dec 15Is MarineMax (NYSE:HZO) Using Too Much Debt?
Sep 08Is MarineMax (NYSE:HZO) A Risky Investment?
Jun 07Does MarineMax (NYSE:HZO) Have A Healthy Balance Sheet?
Feb 16Recent updates
MarineMax: Undervalued Long-Term Potential After Hurricane Impact
Nov 29MarineMax (NYSE:HZO) Use Of Debt Could Be Considered Risky
Sep 09What Is MarineMax, Inc.'s (NYSE:HZO) Share Price Doing?
Aug 19MarineMax, Inc. Just Beat Revenue By 5.2%: Here's What Analysts Think Will Happen Next
Jul 29MarineMax: Q3 And M&A Speculation Show Improving Fundamentals In Challenging Industry
Jul 28MarineMax, Inc. (NYSE:HZO) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Jun 21MarineMax: Staying The Course Despite Turbulent Waters
May 21Is It Too Late To Consider Buying MarineMax, Inc. (NYSE:HZO)?
Apr 27These 4 Measures Indicate That MarineMax (NYSE:HZO) Is Using Debt In A Risky Way
Mar 30MarineMax: Spotty Fundamentals Raise Concerns Over Future Performance
Jan 31At US$28.37, Is MarineMax, Inc. (NYSE:HZO) Worth Looking At Closely?
Jan 26The Market Doesn't Like What It Sees From MarineMax, Inc.'s (NYSE:HZO) Earnings Yet
Jan 04Is MarineMax (NYSE:HZO) A Risky Investment?
Dec 15The Bottom Fishing Club: MarineMax
Nov 27MarineMax: Extensive Acquisitions Could Prove Themselves Promising
Oct 18Is MarineMax (NYSE:HZO) Using Too Much Debt?
Sep 08MarineMax: Sailing Through Market Cycles With Resilient Growth
Aug 08What Does MarineMax, Inc.'s (NYSE:HZO) Share Price Indicate?
Aug 04Is MarineMax (NYSE:HZO) A Risky Investment?
Jun 07MarineMax: Cheap For A Reason
May 31Does MarineMax (NYSE:HZO) Have A Healthy Balance Sheet?
Feb 16MarineMax Q4 2023 Earnings Preview
Jan 25Is Now An Opportune Moment To Examine MarineMax, Inc. (NYSE:HZO)?
Jan 13Financial Position Analysis
Short Term Liabilities: HZO's short term assets ($1.3B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: HZO's short term assets ($1.3B) exceed its long term liabilities ($539.7M).
Debt to Equity History and Analysis
Debt Level: HZO's net debt to equity ratio (102.8%) is considered high.
Reducing Debt: HZO's debt to equity ratio has increased from 87.7% to 117.2% over the past 5 years.
Debt Coverage: HZO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HZO's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/30 09:12 |
| End of Day Share Price | 2025/01/30 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MarineMax, Inc. is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Albanese | Benchmark Company |
| Eric Wold | B. Riley Securities, Inc. |
| James Hardiman | Citigroup Inc |