USEA (United Maritime) LT-Debt-to-Total-Asset : 0.56 (As of Sep. 2024)

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What is United Maritime LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. United Maritime's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.56.

United Maritime's long-term debt to total assets ratio increased from Sep. 2023 (0.54) to Sep. 2024 (0.56). It may suggest that United Maritime is progressively becoming more dependent on debt to grow their business.

United Maritime LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Maritime's LT-Debt-to-Total-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.

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United Maritime LT-Debt-to-Total-Asset Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.39

0.31

0.28

0.32

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.54	0.32	0.53	0.25	0.56

United Maritime LT-Debt-to-Total-Asset Calculation

United Maritime's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	55.843	/	174.805
	=	0.32

United Maritime's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	101.113	/	179.527
	=	0.56

United Maritime (NAS:USEA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

United Maritime LT-Debt-to-Total-Asset Related Terms

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United Maritime Business Description

Industry

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

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 seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.