United Maritime Balance Sheet Health
Financial Health criteria checks 0/6
United Maritime has a total shareholder equity of $64.2M and total debt of $60.8M, which brings its debt-to-equity ratio to 94.7%. Its total assets and total liabilities are $171.4M and $107.2M respectively. United Maritime's EBIT is $3.7M making its interest coverage ratio 0.5. It has cash and short-term investments of $7.0M.
Key information
94.7%
Debt to equity ratio
US$60.81m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$7.04m |
| Equity | US$64.21m |
| Total liabilities | US$107.19m |
| Total assets | US$171.40m |
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 ($30.4M) do not cover its short term liabilities ($65.0M).
Long Term Liabilities: USEA's short term assets ($30.4M) do not cover its long term liabilities ($42.2M).
Debt to Equity History and Analysis
Debt Level: USEA's net debt to equity ratio (83.7%) 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 (0.5x coverage).