MMMPF (Mermaid Maritime PCL) Interest Expense: $-8.7 Mil (TTM As of Mar. 2026)

What is Mermaid Maritime PCL Interest Expense?

Mermaid Maritime PCL MMMPF +2.56% 47 Interest Expense is $-8.7 Mil as of Mar. 2026. 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.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mermaid Maritime PCL's interest expense for the three months ended in Mar. 2026 was $ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-8.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mermaid Maritime PCL's Operating Income for the three months ended in Mar. 2026 was $ -5.0 Mil. Mermaid Maritime PCL's Interest Expense for the three months ended in Mar. 2026 was $ -1.9 Mil. Mermaid Maritime PCL did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mermaid Maritime PCL (OTCPK:MMMPF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mermaid Maritime PCL's Interest Expense for the three months ended in Mar. 2026 was $-1.9 Mil. Its Operating Income for the three months ended in Mar. 2026 was $-5.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $78.1 Mil.

Mermaid Maritime PCL's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Mermaid Maritime PCL did not have earnings to cover the interest expense.

* 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.

The higher the ratio, the stronger the company's financial strength is.

Mermaid Maritime PCL Interest Expense Historical Data

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The historical data trend for Mermaid Maritime PCL's Interest Expense can be seen below:

Mermaid Maritime PCL Interest Expense Chart

Mermaid Maritime PCL Annual Data

Trend

Dec16

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Interest Expense

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-1.63

-3.32

-5.64

-8.69

-8.94

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
Interest Expense	Get a 7-Day Free Trial															-2.10	-2.17	-2.60	-2.07	-1.88

47GF Score

Mermaid Maritime PCL MMMPF

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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Mermaid Maritime PCL Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.7 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-8.7 Mil mean?

Mermaid Maritime PCL (MMMPF) has a Interest Expense of $-8.7 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mermaid Maritime PCL and its competitors.

Is Mermaid Maritime PCL's Interest Expense too high?

Mermaid Maritime PCL's current Interest Expense is $-8.7 Mil. 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 Interest Expense compare to SLB and BKR?

Mermaid Maritime PCL's Interest Expense of $-8.7 Mil 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 Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense 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 Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Mermaid Maritime PCL and its competitors. Mermaid Maritime PCL's current Interest Expense is $-8.7 Mil. 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 Interest Expense is $-8.7 Mil. 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 Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Interest Expense is $-8.7 Mil 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:

Interest Expense: $-8.7 Mil
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
GF Score™: 47/100 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 Energy Oil & Gas

Comparable Companies SGX:BEZ SGX:BTP SGX:5G2 SGX:M05 SGX:5NF SGX:BDU SGX:C13 SGX:BLZ SGX:5OQ SGX:5OR SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT KGS

Other Exchanges DU4:Singapore

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.

47GF Score

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

$0.08

Price

$0.06

GF Value

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