MarineMax Balance Sheet Health
Financial Health criteria checks 2/6
MarineMax has a total shareholder equity of $976.9M and total debt of $1.1B, which brings its debt-to-equity ratio to 112.5%. Its total assets and total liabilities are $2.6B and $1.6B respectively. MarineMax's EBIT is $136.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $242.4M.
Key information
112.5%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$242.42m |
| Equity | US$976.93m |
| Total liabilities | US$1.62b |
| Total assets | US$2.59b |
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 (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 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 26Financial 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 ($562.3M).
Debt to Equity History and Analysis
Debt Level: HZO's net debt to equity ratio (87.7%) is considered high.
Reducing Debt: HZO's debt to equity ratio has increased from 78.4% to 112.5% 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 (1.9x coverage).