Mermaid Maritime PCL (SGX:DU4) Cash-to-Debt : 0.22 (As of Mar. 2024)

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What is Mermaid Maritime PCL 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. Mermaid Maritime PCL's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.22.

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 PCL couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SGX:DU4' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.62 Max: 1.09
Current: 0.22

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 0.62.

SGX:DU4's Cash-to-Debt is ranked worse than
68.3% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs SGX:DU4: 0.22

Mermaid Maritime PCL Cash-to-Debt Historical Data

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.

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Mermaid Maritime PCL Cash-to-Debt Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.62

0.82

0.21

0.11

0.30

Mermaid Maritime PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.05	0.03	0.16	0.30	0.22

Competitive Comparison of Mermaid Maritime PCL's Cash-to-Debt

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's Cash-to-Debt Distribution in the 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.

Mermaid Maritime PCL 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.

Mermaid Maritime PCL's Cash to Debt Ratio for the fiscal year 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)
	=	40.385	/	(78.2	+	58.772)
	=	0.29

Mermaid Maritime PCL's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	31.641	/	(101.173	+	41.287)
	=	0.22

Mermaid Maritime PCL (SGX:DU4) 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.

Mermaid Maritime PCL Cash-to-Debt Related Terms

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

Mermaid Maritime PCL (SGX:DU4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mermaid Maritime PCL (SGX:DU4) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

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.

Mermaid Maritime PCL (SGX:DU4) Headlines

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