United Maritime Balance Sheet Health
Financial Health criteria checks 0/6
United Maritime has a total shareholder equity of $62.5M and total debt of $101.1M, which brings its debt-to-equity ratio to 161.9%. Its total assets and total liabilities are $179.5M and $182.0M respectively. United Maritime's EBIT is $4.8M making its interest coverage ratio 0.6. It has cash and short-term investments of $11.4M.
Key information
161.9%
Debt to equity ratio
US$101.11m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$11.41m |
| Equity | US$62.47m |
| Total liabilities | US$182.03m |
| Total assets | US$179.53m |
Recent financial health updates
No updates
Recent updates
United Maritime Corporation's (NASDAQ:USEA) Subdued P/S Might Signal An Opportunity
Mar 13
United announces sale of two Aframax Petroleum Tankers
Oct 13United Maritime stock gains as it initiates additional $3M stock buyback plan
Sep 22United Maritime gains on $3M stock buyback plan
Sep 02United Maritime stock slides on $26M equity offering
Jul 18Seanergy Maritime jumps 7% as gets delivery of Japanese built vessel, secures additional financing
Jul 07Financial Position Analysis
Short Term Liabilities: USEA's short term assets ($11.4M) do not cover its short term liabilities ($65.0M).
Long Term Liabilities: USEA's short term assets ($11.4M) do not cover its long term liabilities ($117.1M).
Debt to Equity History and Analysis
Debt Level: USEA's net debt to equity ratio (143.6%) is considered high.
Reducing Debt: Insufficient data to determine if USEA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: USEA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: USEA's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 05:06 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
United Maritime Corporation is covered by 1 analysts. 1 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 |
|---|---|
| Tate Sullivan | Maxim Group |