Mermaid Maritime PCL

Mermaid Maritime PCL Interest Coverage

The Interest Coverage Ratio of Mermaid Maritime PCL (DU4.SI) as of Oct 31, 2026 is 1.81. In the previous year, Interest Coverage Ratio was 5.49 — a change of -66.95% (lower).

Interest Coverage

1.81

YoY

-66.95%

Last updated:

Interest Coverage Ratio of Mermaid Maritime PCL is 2024 1.81 . Interest Coverage Ratio of Mermaid Maritime PCL was 2023 5.49 . It decreases by -66.95% lower compared to the previous year.

The Mermaid Maritime PCL Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
0.44 USD
Jan 1, 2018
-6.21 USD
Jan 1, 2019
-9.30 USD
Jan 1, 2020
-0.36 USD
Jan 1, 2021
-8.33 USD
Jan 1, 2022
2.07 USD
Jan 1, 2023
5.49 USD
Jan 1, 2024
1.81 USD
The Mermaid Maritime PCL Interest Coverage history
YEARInterest CoverageYoY
1.81-66.95%
5.49+165.30%
2.07-124.84%
-8.33+2,183.77%
-0.36-96.08%
-9.30+49.78%
-6.21-1,495.90%
0.44-34.93%
0.68-325.20%
-0.30-523.20%
0.07—

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Mermaid Maritime PCL Stock analysis

What does Mermaid Maritime PCL do? Mermaid Maritime PCL generates revenue through its Subsea Division, which operates under the brand Mermaid Subsea Services. The company provides subsea engineering and drilling services to the offshore oil and gas industry, including subsea installation engineering, offshore decommissioning, inspection, repair and maintenance, construction and installation support, commissioning, and cable and pipe laying projects. Its services are delivered via a fleet of 7 subsea support vessels and 15 ROV systems owned and operated by the firm. The Subsea Division is represented by subsidiaries Mermaid Subsea Services (Thailand) and Mermaid Subsea Services (International) Ltd., both integrated under the Mermaid Subsea Services brand. The primary clients for Mermaid Maritime's services are companies within the offshore oil and gas sector. These clients purchase subsea engineering and drilling services for projects requiring specialized underwater operations, such as installation, maintenance, and decommissioning of offshore infrastructure. The firm's integrated service model allows it to offer comprehensive solutions for subsea projects, leveraging its fleet of vessels and ROV systems to meet client needs across various project phases. Mermaid Maritime's revenue streams are derived from the provision of subsea services, including inspection, repair, maintenance, installation, and decommissioning. The company's operational structure, with its subsidiaries operating under a unified brand, enables it to efficiently manage and scale its service offerings. By focusing on the offshore oil and gas industry, Mermaid Maritime targets a specific market segment where demand for specialized subsea services is consistent. Mermaid Maritime PCL is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Mermaid Maritime PCL stock

Interest Coverage Ratio of Mermaid Maritime PCL is 1.81 in 2024.

Interest Coverage Ratio of Mermaid Maritime PCL changed from 5.49 to 1.81, representing a -66.95% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Mermaid Maritime PCL since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Mermaid Maritime PCL with sector peers and the industry average to assess whether it is attractive.

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Leverage — Mermaid Maritime PCL

All Key Metrics — Mermaid Maritime PCL