Mermaid Maritime PCLMMMPF +2.56%47 Debt-to-Equity is 0.42 as of Mar. 2026, which is 31% above its 10-year median of 0.32. GuruFocus rates MMMPF with a GF Score™ of 47/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 795 Oil & Gas companies, Mermaid Maritime PCL ranks better than 53.96% on this metric.
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 Mermaid Maritime PCL's Debt-to-Equity or its related term are showing as below:
MMMPF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.32 Max: 0.72
Current: 0.42
During the past 13 years, the highest Debt-to-Equity Ratio of Mermaid Maritime PCL was 0.72. The lowest was 0.20. And the median was 0.32.
MMMPF's Debt-to-Equity is ranked better than 53.96% of 795
companies
in the Oil & Gas industry
Industry Median: 0.46
vs MMMPF: 0.42
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.
Mermaid Maritime PCL Debt-to-Equity Related Terms
Mermaid Maritime PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL's Debt-to-Equity 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 Debt-to-Equity of 0.42 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mermaid Maritime PCL and its competitors. This is 31% above median its historical median of 0.32. Over the past decade, Mermaid Maritime PCL's Debt-to-Equity has ranged from 0.20 to 0.72. According to the industry distribution chart, Mermaid Maritime PCL ranks #366 out of 795 companies in the Oil & Gas industry, placing it in the top 46%.
Is Mermaid Maritime PCL's Debt-to-Equity too high?
Mermaid Maritime PCL's current Debt-to-Equity of 0.42 is 31% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.72. The Oil & Gas industry median Debt-to-Equity is 0.46. Mermaid Maritime PCL's value of 0.42 is 8.7% below this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #366 out of 795 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 Debt-to-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #366 out of 795 companies for Debt-to-Equity. This puts Mermaid Maritime PCL in the upper half of its industry. The industry median Debt-to-Equity is 0.46. Mermaid Maritime PCL's value of 0.42 is 8.7% below this benchmark. Historically, Mermaid Maritime PCL's own Debt-to-Equity has ranged from 0.20 to 0.72 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.46, Mermaid Maritime PCL has consistently been below 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mermaid Maritime PCL's current Debt-to-Equity of 0.42 is 8.7% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Debt-to-Equity is 0.42, which is 31% above median its own 10-year median of 0.32. 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-Equity is 0.42, which is 31% above median its 10-year median of 0.32 and 8.7% below the Oil & Gas industry median of 0.46. Mermaid Maritime PCL's overall GF Score™ is 47/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Debt-to-Equity is 0.42 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-Equity: 0.42 (31% above median its 10-year median of 0.32)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 8.7% below the Oil & Gas median (#366 of 795)
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.
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