MMA Offshore (MMA Offshore) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is MMA Offshore Debt-to-Equity?

MMA Offshore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.1 Mil. MMA Offshore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.5 Mil. MMA Offshore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $363.8 Mil. MMA Offshore's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

MRMAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.6 Max: 1.24
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of MMA Offshore was 1.24. The lowest was 0.03. And the median was 0.60.

MRMAF's Debt-to-Equity is ranked better than
97.05% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs MRMAF: 0.03

MMA Offshore Debt-to-Equity Historical Data

The historical data trend for MMA Offshore's Debt-to-Equity 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.

* Premium members only.

MMA Offshore Debt-to-Equity Chart

MMA Offshore Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.88

1.24

0.60

0.37

0.19

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
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.37	0.22	0.19	0.03

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

For the Marine Shipping subindustry, MMA Offshore's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Transportation Industry

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

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

MMA Offshore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.941	+	54.417)	/	325.885
	=	0.19

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.098	+	5.453)	/	363.782
	=	0.03

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MMA Offshore Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MMA Offshore's Debt-to-Equity 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 » Debt-to-Equity

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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