MarineMax (MarineMax) Debt-to-Equity

: 1.31 (As of Dec. 2023)

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MarineMax's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $709 Mil. MarineMax's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $507 Mil. MarineMax's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $925 Mil. MarineMax's debt to equity for the quarter that ended in Dec. 2023 was 1.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MarineMax's Debt-to-Equity or its related term are showing as below:

HZO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.68 Max: 1.31
Current: 1.31

During the past 13 years, the highest Debt-to-Equity Ratio of MarineMax was 1.31. The lowest was 0.28. And the median was 0.68.

HZO's Debt-to-Equity is ranked worse than
76.37% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs HZO: 1.31

MarineMax Debt-to-Equity Historical Data

The historical data trend for MarineMax's Debt-to-Equity 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.

* Premium members only.

MarineMax Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.85

0.42

0.31

0.36

1.19

MarineMax Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.13	1.26	1.20	1.19	1.31

Competitive Comparison

For the Specialty Retail subindustry, MarineMax's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

MarineMax Debt-to-Equity Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, MarineMax's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MarineMax's Debt-to-Equity falls into.

MarineMax Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MarineMax's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(580.897	+	513.02)	/	915.843
	=	1.19

MarineMax's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(708.996	+	506.522)	/	925.098
	=	1.31

MarineMax (NYSE:HZO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MarineMax Debt-to-Equity Related Terms

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MarineMax (MarineMax) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MarineMax Inc (NYSE:HZO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MLW:Germany

Address

2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759

Website

https://www.marinemax.com

MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.

Executives

Clint Moore	director	2600 MCCORMICK DRIVE, SUITE 200`, CLEARWATER FL 33759
Charles A Cashman	officer: Vice President East Operations	18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Rebecca White	director	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Cassella Anthony E. Jr.	officer: Chief Accounting Officer	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Kyle Langbehn	officer: EVP, President of Retail	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Shawn Berg	officer: EVP, Chief Digital Officer	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Mercedes Romero	director	4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Hilliard M Eure	director	24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Joseph Allen Watters	director	1100 GLENDON AVENUE, SUITE PH-8, LOS ANGELES CA 90024
Michael H Mclamb	director, officer: Executive VP, CFO and Sec	C/O MARINEMAX INC, 18167 U SHIGHWAY NORTH SUITE 499, CLEARWATER FL 33764
Adam M. Johnson	director	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
William B Mcgill	officer: Vice President West Operations	18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Mcgill William H Jr	director, officer: President, Chairman and CEO	C/O MARINEMAX INC, 18167 US HIGHWAY 18 N, CLEARWATER FL 33764
George E Borst	director	2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Charles R Oglesby	director	C/O NALLEY AUTOMOTIVE - SUGARLOAF PARK, 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097