MMA Offshore (MMA Offshore) Cash-to-Debt : 3.82 (As of Dec. 2023)

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What is MMA Offshore Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. MMA Offshore's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.82.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, MMA Offshore could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MMA Offshore's Cash-to-Debt or its related term are showing as below:

MRMAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.31 Max: 3.82
Current: 3.82

During the past 13 years, MMA Offshore's highest Cash to Debt Ratio was 3.82. The lowest was 0.08. And the median was 0.31.

MRMAF's Cash-to-Debt is ranked better than
85.11% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs MRMAF: 3.82

MMA Offshore Cash-to-Debt Historical Data

The historical data trend for MMA Offshore's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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MMA Offshore Cash-to-Debt Chart

MMA Offshore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.26

0.31

0.55

0.59

1.16

MMA Offshore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.59	0.99	1.16	3.82

Competitive Comparison of MMA Offshore's Cash-to-Debt

For the Marine Shipping subindustry, MMA Offshore's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MMA Offshore's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MMA Offshore's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MMA Offshore's Cash-to-Debt falls into.

MMA Offshore Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

MMA Offshore's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	71.373	/	(6.941	+	54.417)
	=	1.16

MMA Offshore's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	44.066	/	(6.098	+	5.453)
	=	3.81

MMA Offshore (OTCPK:MRMAF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

MMA Offshore Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MMA Offshore's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MMA Offshore (MMA Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MMA Offshore Ltd (OTCPK:MRMAF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

MRM:Australia

Address

12-14 The Esplanade, EQ12, Level 10, Perth, WA, AUS, 6000

Website

https://www.mmaoffshore.com

MMA Offshore Ltd is involved in providing marine-related services. The company's operating segment includes Vessel Services; Subsea Services and Project Logistics. It generates maximum revenue from the Vessel Services segment. The Vessel Services segment provision of specialised offshore support vessels. Its Subsea Services segment provides services to companies operating in subsea environments including inspection, maintenance and repair. The Project Logistics segment includes project management of large marine spreads and complex marine logistics. Geographically, it derives a majority of revenue from Australia.

MMA Offshore (MMA Offshore) Headlines

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