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Mermaid Maritime PCLMMMPF +0.37%47 Cash-to-Debt is 0.72 as of Jun. 2026, which is 20% above its 10-year median of 0.60. GuruFocus rates MMMPF with a GF Score™ of 47/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 990 Oil & Gas companies, Mermaid Maritime PCL ranks better than 55.66% on this metric.
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. Mermaid Maritime PCL's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.72.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mermaid Maritime PCLcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Mermaid Maritime PCL's Cash-to-Debt or its related term are showing as below:
MMMPF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.6 Max: 1.09
Current: 0.72
During the past 13 years, Mermaid Maritime PCL's highest Cash to Debt Ratio was 1.09. The lowest was 0.03. And the median was 0.60.
MMMPF's Cash-to-Debt is ranked better than 55.66% of 990
companies
in the Oil & Gas industry
Industry Median: 0.525
vs MMMPF: 0.72
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.
Mermaid Maritime PCL Cash-to-Debt Related Terms
Mermaid Maritime PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL's Cash-to-Debt falls into.
* 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.
Mermaid Maritime PCL (MMMPF) has a Cash-to-Debt of 0.72 as of Jun. 2026. This is 20% above median its historical median of 0.60. Over the past decade, Mermaid Maritime PCL's Cash-to-Debt has ranged from 0.03 to 1.09. According to the industry distribution chart, Mermaid Maritime PCL ranks #439 out of 990 companies in the Oil & Gas industry, placing it in the top 44.3%.
Is Mermaid Maritime PCL's Cash-to-Debt too high?
Mermaid Maritime PCL's current Cash-to-Debt of 0.72 is 20% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.09. The Oil & Gas industry median Cash-to-Debt is 0.53. Mermaid Maritime PCL's value of 0.72 is 37.1% above this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #439 out of 990 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Cash-to-Debt compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #439 out of 990 companies for Cash-to-Debt. This puts Mermaid Maritime PCL in the upper half of its industry. The industry median Cash-to-Debt is 0.53. Mermaid Maritime PCL's value of 0.72 is 37.1% above this benchmark. Historically, Mermaid Maritime PCL's own Cash-to-Debt has ranged from 0.03 to 1.09 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.53, Mermaid Maritime PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.53, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mermaid Maritime PCL's current Cash-to-Debt of 0.72 is 37.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Cash-to-Debt is 0.72, which is 20% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.8% above its estimated fair value. The current Cash-to-Debt is 0.72, which is 20% above median its 10-year median of 0.60 and 37.1% above the Oil & Gas industry median of 0.53. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Cash-to-Debt is 0.72 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.8% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
Cash-to-Debt: 0.72 (20% above median its 10-year median of 0.60)
GF Value™: $0.06 vs. price of $0.08 (33.8% above fair value)
Industry Position: 37.1% above the Oil & Gas median (#439 of 990)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score
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