MMMPF (Mermaid Maritime PCL) Debt-to-Asset : 0.22 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MMMPF Mermaid Maritime PCL MMMPF
41 GF Score
Price $0.08
GF Value $0.06
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Mermaid Maritime PCL Debt-to-Asset?

Mermaid Maritime PCL MMMPF +2.56% 41 Debt-to-Asset is 0.22 as of Mar. 2026. GuruFocus rates MMMPF with a GF Score™ of 41/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Mermaid Maritime PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $20.2 Mil. Mermaid Maritime PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $78.1 Mil. Mermaid Maritime PCL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was $448.4 Mil. Mermaid Maritime PCL's debt to asset for the quarter that ended in Mar. 2026 was 0.22.


Mermaid Maritime PCL  (OTCPK:MMMPF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Mermaid Maritime PCL Debt-to-Asset Related Terms


Mermaid Maritime PCL Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Mermaid Maritime PCL's Debt-to-Asset 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.

Mermaid Maritime PCL Debt-to-Asset Chart

Mermaid Maritime PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.25 0.29 0.28 0.23

Mermaid Maritime PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.30 0.25 0.23 0.22

MMMPF vs SLB, BKR, FTI: Debt-to-Asset Comparison

For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Mermaid Maritime PCL's Debt-to-Asset falls into.


MMMPF
41GF Score
Mermaid Maritime PCL MMMPF
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mermaid Maritime PCL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mermaid Maritime PCL's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(21.13 + 83.054) / 450.145
=0.23

Mermaid Maritime PCL's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(20.211 + 78.054) / 448.408
=0.22

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.22 mean?
Mermaid Maritime PCL (MMMPF) has a Debt-to-Asset of 0.22 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mermaid Maritime PCL and its competitors.
Is Mermaid Maritime PCL's Debt-to-Asset too high?
Mermaid Maritime PCL's current Debt-to-Asset is 0.22. Overall, Mermaid Maritime PCL has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Debt-to-Asset compare to SLB and BKR?
Mermaid Maritime PCL's Debt-to-Asset of 0.22 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Oil & Gas company?
A good Debt-to-Asset depends on the Oil & Gas industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mermaid Maritime PCL and its competitors. Mermaid Maritime PCL's current Debt-to-Asset is 0.22. 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 33.3% above its estimated fair value. The current Debt-to-Asset is 0.22. Mermaid Maritime PCL's overall GF Score™ is 41/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Debt-to-Asset is 0.22 as of Mar. 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 33.3% above its estimated GF Value™ of $0.06. GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.

Key valuation signals for MMMPF:

  • Debt-to-Asset: 0.22
  • GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
  • GF Score™: 41/100 with 7 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges DU4:Singapore
Address Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
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.
41GF Score

Get the complete analysis for MMMPF

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.08
Price
$0.06
GF Value