MarineMax Balance Sheet Health
Financial Health criteria checks 2/6
MarineMax has a total shareholder equity of $940.5M and total debt of $1.1B, which brings its debt-to-equity ratio to 121.5%. Its total assets and total liabilities are $2.6B and $1.7B respectively. MarineMax's EBIT is $151.8M making its interest coverage ratio 2.2. It has cash and short-term investments of $216.7M.
Key information
121.5%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$216.68m |
| Equity | US$940.46m |
| Total liabilities | US$1.69b |
| Total assets | US$2.63b |
Recent financial health updates
These 4 Measures Indicate That MarineMax (NYSE:HZO) Is Using Debt In A Risky Way
Mar 30
Is 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 16Does MarineMax (NYSE:HZO) Have A Healthy Balance Sheet?
Oct 28Recent updates
Is 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 13MarineMax Sails To A Bright Future: Top Pick For 2023
Dec 07Does MarineMax (NYSE:HZO) Deserve A Spot On Your Watchlist?
Nov 13Does MarineMax (NYSE:HZO) Have A Healthy Balance Sheet?
Oct 28MarineMax FQ4 2022 Earnings Preview
Oct 26MarineMax: Hidden Gem With Huge Upside
Sep 21When Should You Buy MarineMax, Inc. (NYSE:HZO)?
Sep 15MarineMax to acquire IGY Marinas for $480M in cash
Aug 09MarineMax (NYSE:HZO) Could Easily Take On More Debt
Jul 21MarineMax: Focus On The Fundamentals
Jul 15Does MarineMax (NYSE:HZO) Deserve A Spot On Your Watchlist?
Jun 14When Should You Buy MarineMax, Inc. (NYSE:HZO)?
May 31Investors Should Be Encouraged By MarineMax's (NYSE:HZO) Returns On Capital
May 17Financial Position Analysis
Short Term Liabilities: HZO's short term assets ($1.3B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: HZO's short term assets ($1.3B) exceed its long term liabilities ($644.9M).
Debt to Equity History and Analysis
Debt Level: HZO's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: HZO's debt to equity ratio has increased from 80.7% to 121.5% 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 (2.2x coverage).