United Maritime (United Maritime) Equity-to-Asset : 0.36 (As of Mar. 2024)

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What is United Maritime Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. United Maritime's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $63.98 Mil. United Maritime's Total Assets for the quarter that ended in Mar. 2024 was $176.98 Mil. Therefore, United Maritime's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.36.

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

USEA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.39 Max: 0.52
Current: 0.36

During the past 5 years, the highest Equity to Asset Ratio of United Maritime was 0.52. The lowest was 0.35. And the median was 0.39.

USEA's Equity-to-Asset is ranked worse than
67.86% of 974 companies
in the Transportation industry
Industry Median: 0.49 vs USEA: 0.36

United Maritime Equity-to-Asset Historical Data

The historical data trend for United Maritime's Equity-to-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.

* Premium members only.

United Maritime Equity-to-Asset Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.52

0.51

0.38

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial							0.44	0.39	0.38	0.38	0.36

Competitive Comparison of United Maritime's Equity-to-Asset

For the Marine Shipping subindustry, United Maritime's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

United Maritime's Equity-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Maritime's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where United Maritime's Equity-to-Asset falls into.

United Maritime Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

United Maritime's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	65.869	/	174.805
	=	0.38

United Maritime's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	63.983	/	176.98
	=	0.36

United Maritime (NAS:USEA) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

United Maritime Equity-to-Asset Related Terms

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United Maritime (United Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Equity-to-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 worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.