Mermaid Maritime Public Company Limited
Mermaid Maritime Public Company Limited, together with its subsidiaries, operates as a subsea and offshore services company in Thailand, Qatar, the United Arab Emirates, the United Kingdom, and Saudi Arabia. The company offers various subsea services, including inspection, repair and maintenance, infrastructure installation support, remotely operated vehicle support, and cable and flexible pipe l… Read more
Mermaid Maritime Public Company Limited (MMMPF) - Total Assets
Latest total assets as of September 2025: $450.87 Million USD
Based on the latest financial reports, Mermaid Maritime Public Company Limited (MMMPF) holds total assets worth $450.87 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Mermaid Maritime Public Company Limited - Total Assets Trend (2020–2024)
This chart illustrates how Mermaid Maritime Public Company Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mermaid Maritime Public Company Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
Mermaid Maritime Public Company Limited's total assets of $450.87 Million consist of 50.4% current assets and 49.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.5% |
| Accounts Receivable | $93.82 Million | 22.6% |
| Inventory | $317.00K | 0.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $22.00K | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Mermaid Maritime Public Company Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mermaid Maritime Public Company Limited's current assets represent 50.4% of total assets in 2024, an increase from 31.9% in 2020.
- Cash Position: Cash and equivalents constituted 5.5% of total assets in 2024, down from 14.5% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 22.6% of total assets.
Mermaid Maritime Public Company Limited Competitors by Total Assets
Key competitors of Mermaid Maritime Public Company Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Mermaid Maritime Public Company Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Mermaid Maritime Public Company Limited generates 1.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Mermaid Maritime Public Company Limited generates $ 3.31 in net profit.
Mermaid Maritime Public Company Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.24 | 1.03 | 0.79 |
| Quick Ratio | 1.23 | 1.03 | 0.79 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $46.37 Million | $ 7.40 Million | $ -23.55 Million |
Mermaid Maritime Public Company Limited - Advanced Valuation Insights
This section examines the relationship between Mermaid Maritime Public Company Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.92 |
| Latest Market Cap to Assets Ratio | 0.08 |
| Asset Growth Rate (YoY) | 16.6% |
| Total Assets | $415.71 Million |
| Market Capitalization | $34.63 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mermaid Maritime Public Company Limited's assets below their book value (0.08 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Mermaid Maritime Public Company Limited's assets grew by 16.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mermaid Maritime Public Company Limited (2020–2024)
The table below shows the annual total assets of Mermaid Maritime Public Company Limited from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $415.71 Million | +16.58% |
| 2023-12-31 | $356.58 Million | +22.33% |
| 2022-12-31 | $291.49 Million | +12.70% |
| 2021-12-31 | $258.63 Million | -0.72% |
| 2020-12-31 | $260.51 Million | -- |