SEACOR Marine Holdings Inc
0.0 %
-32.81 %
Yet to be announced
Company Overview
SEACOR Marine Holdings Inc. is a global provider of marine and support transportation services to offshore energy facilities worldwide. The company operates a diverse fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including wind farms, oil and gas exploration, development, and production facilities. They also provide accommodations for technicians and specialists.
Revenue Sources
Based on SEC filings and company reports, SEACOR Marine's revenue primarily comes from marine transportation and support services to the offshore energy sector. These activities involve real asset operations and value-adding services, which are halal business activities. The company does not derive significant revenue from prohibited activities such as gambling, alcohol, or interest-based operations.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $68.92m | $85.52m | - | $10.13m | 0.00% | 11.84% |
| June 30, 2024 | $69.87m | $83.99m | - | $10.19m | 0.00% | 12.13% |
| March 31, 2024 | $62.77m | $83.69m | - | $10.31m | 0.00% | 12.32% |
| Dec. 31, 2023 | $74.41m | $62.23m | - | $10.44m | 0.00% | 16.78% |
The company's interest expense to total expense ratios for the past four quarters are consistently material, exceeding the 5% threshold. In each quarter, interest expenses represent a significant portion of total expenses, indicating that interest plays a material role in the company's operations.
Operational Ethics
Based on available information from SEC filings and company reports, SEACOR Marine does not appear to have significant ongoing associations with entities involved in human rights violations. There is no evidence of material business relationships with the state of Israel or the Chinese Communist Party.
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