United Maritime (United Maritime) Debt-to-Equity : 1.46 (As of Dec. 2023)

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What is United Maritime Debt-to-Equity?

United Maritime's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $40.11 Mil. United Maritime's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55.84 Mil. United Maritime's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $65.87 Mil. United Maritime's debt to equity for the quarter that ended in Dec. 2023 was 1.46.

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 United Maritime's Debt-to-Equity or its related term are showing as below:

USEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.8 Max: 1.46
Current: 1.46

During the past 5 years, the highest Debt-to-Equity Ratio of United Maritime was 1.46. The lowest was 0.66. And the median was 0.80.

USEA's Debt-to-Equity is ranked worse than
79.89% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs USEA: 1.46

United Maritime Debt-to-Equity Historical Data

The historical data trend for United Maritime'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.

United Maritime Debt-to-Equity Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.83

0.76

0.66

1.46

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						0.66	1.12	1.32	1.40	1.46

Competitive Comparison of United Maritime's Debt-to-Equity

For the Marine Shipping subindustry, United Maritime'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.

United Maritime's Debt-to-Equity Distribution in the Transportation Industry

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

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

United Maritime Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Maritime's Debt to Equity Ratio for the fiscal year 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
	=	(40.111	+	55.843)	/	65.869
	=	1.46

United Maritime'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
	=	(40.111	+	55.843)	/	65.869
	=	1.46

United Maritime (NAS:USEA) 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.

United Maritime Debt-to-Equity Related Terms

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United Maritime (United Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.