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Mermaid Maritime PCLMMMPF +2.56%47 Equity-to-Asset is 0.52 as of Mar. 2026, which is 24% below its 10-year median of 0.68. 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 1,024 Oil & Gas companies, Mermaid Maritime PCL ranks better than 54.79% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mermaid Maritime PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $231.8 Mil. Mermaid Maritime PCL's Total Assets for the quarter that ended in Mar. 2026 was $448.4 Mil.
Therefore, Mermaid Maritime PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.52.
The historical rank and industry rank for Mermaid Maritime PCL's Equity-to-Asset or its related term are showing as below:
MMMPF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.68 Max: 0.77
Current: 0.52
During the past 13 years, the highest Equity to Asset Ratio of Mermaid Maritime PCL was 0.77. The lowest was 0.41. And the median was 0.68.
MMMPF's Equity-to-Asset is ranked better than 54.79% of 1024
companies
in the Oil & Gas industry
Industry Median: 0.49
vs MMMPF: 0.52
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Mermaid Maritime PCL Equity-to-Asset Related Terms
Mermaid Maritime PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL's Equity-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.
MMMPF vs SLB, BKR, HAL: Equity-to-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Mermaid Maritime PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.52 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mermaid Maritime PCL and its competitors. This is 24% below median its historical median of 0.68. Over the past decade, Mermaid Maritime PCL's Equity-to-Asset has ranged from 0.41 to 0.77. According to the industry distribution chart, Mermaid Maritime PCL ranks #463 out of 1024 companies in the Oil & Gas industry, placing it in the top 45.2%.
Is Mermaid Maritime PCL's Equity-to-Asset too high?
Mermaid Maritime PCL's current Equity-to-Asset of 0.52 is 24% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.77. The Oil & Gas industry median Equity-to-Asset is 0.49. Mermaid Maritime PCL's value of 0.52 is 6.1% above this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #463 out of 1024 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 Equity-to-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #463 out of 1024 companies for Equity-to-Asset. This puts Mermaid Maritime PCL in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Mermaid Maritime PCL's value of 0.52 is 6.1% above this benchmark. Historically, Mermaid Maritime PCL's own Equity-to-Asset has ranged from 0.41 to 0.77 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mermaid Maritime PCL's current Equity-to-Asset of 0.52 is 6.1% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Equity-to-Asset is 0.52, which is 24% below median its own 10-year median of 0.68. 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 Equity-to-Asset is 0.52, which is 24% below median its 10-year median of 0.68 and 6.1% above the Oil & Gas industry median of 0.49. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Equity-to-Asset is 0.52 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:
Equity-to-Asset: 0.52 (24% below median its 10-year median of 0.68)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 6.1% above the Oil & Gas median (#463 of 1024)
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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