Last Price$38.5(1.5%)
Market Cap$1,180.8M
LTM Total Debt to Total Equity
0.7x
5Y avg
0.9x
Marine Shipping industry
median
0.6x
Stock quality & Intrinsic value
6/10
0.2% undervalued
Navios Maritime Partners L.P. Total Debt to Total Equity
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Debt to Total Equity | 1.4x | 1.1x | 6.4x | 3.1x | 1.0x | 0.7x | 0.6x | 0.5x | 0.8x | 0.8x | 0.8x | 0.8x | 0.6x | 0.6x | 0.6x | 0.8x | 0.6x | 0.6x | 0.5x |
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Navios Maritime Partners L.P. (NMM) Total Debt to Total Equity comparison analysis
General
LTM Total Debt to Total Equity
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Navios Maritime Partners L.P.NMM
0.7x
8.0%
(25.2%)
33.2%
Median Peer Set
0.5x
10.4%
(4.9%)
13.5%
SFL Corporation Ltd.SFL
2.5x
11.0%
(35.9%)
11.3%
Capital Product Partners L.P.CPLP
2.1x
20.6%
(76.0%)
13.1%
Costamare Inc.CMRE
0.8x
37.9%
(17.3%)
15.4%
Golden Ocean Group LimitedGOGL
0.7x
(20.4%)
(75.7%)
12.7%
Star Bulk Carriers Corp.SBLK
0.5x
33.3%
223.9%
24.1%
Global Ship Lease, Inc.GSL
0.5x
10.3%
7.6%
45.7%
Kirby CorporationKEX
0.3x
5.6%
31.3%
8.8%
Matson, Inc.MATX
0.3x
10.6%
67.9%
13.9%
Danaos CorporationDAC
0.2x
4.2%
(9.8%)
49.8%
ZIM Integrated Shipping Services Ltd.ZIM
N/A
(58.9%)
N/A
(52.2%)
NMM key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 9.2 0.0% | 31.5 241.8% | 50.4 59.6% | 75.1 49.1% | 92.6 23.4% | 143.2 54.6% | 187.0 30.5% | 205.4 9.9% | 198.2 (3.5%) | 227.4 14.7% | 223.7 (1.6%) | 190.5 (14.8%) | 211.7 11.1% | 231.4 9.3% | 219.4 (5.2%) | 226.8 3.4% | 713.2 214.5% | 1,210.5 69.7% | 1,306.9 8.0% |
| Cost of Goods Sold (COGS) | 3.6 | 7.0 | 14.0 | 11.6 | 14.3 | 12.1 | 13.5 | 13.0 | 128.6 | 162.3 | 143.7 | 163.6 | 151.4 | 143.4 | 140.8 | 171.1 | 369.7 | 693.2 | 447.5 |
% margin | 5.6 60.6% | 24.6 77.9% | 36.4 72.3% | 63.5 84.6% | 78.3 84.5% | 131.1 91.5% | 173.4 92.8% | 192.5 93.7% | 69.5 35.1% | 65.0 28.6% | 80.0 35.8% | 26.9 14.1% | 60.3 28.5% | 88.0 38.0% | 78.6 35.8% | 55.6 24.5% | 343.5 48.2% | 517.3 42.7% | 859.4 65.8% |
| Operating Expenses | 0.9 | 8.0 | 10.8 | 15.7 | 30.1 | 65.2 | 95.3 | 108.9 | 6.3 | 7.8 | 7.9 | 12.4 | 17.2 | 18.5 | 21.0 | 24.0 | 41.5 | 67.2 | 412.2 |
| Research & Development Expenses (R&D) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 0.0 | 0.0 | 1.4 | 3.8 | 14.2 | 24.0 | 31.3 | 37.2 | 6.3 | 7.8 | 7.9 | 12.4 | 17.2 | 18.5 | 21.0 | 24.0 | 41.5 | 67.2 | 412.2 |
% margin | 4.6 50.3% | 16.5 52.4% | 25.6 50.8% | 47.8 63.7% | 54.3 58.6% | 65.9 46.0% | 82.5 44.1% | 83.6 40.7% | 63.2 31.9% | 57.2 25.2% | 72.1 32.2% | 14.5 7.6% | 43.1 20.4% | 69.5 30.0% | 19.8 9.0% | (22.9) (10.1%) | 482.8 67.7% | 513.0 42.4% | 665.0 50.9% |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | 1.0 | 0.8 | 0.2 | 0.1 | 0.2 | 0.2 | 0.5 | 3.3 | 4.4 | 6.2 | 0.6 | 0.9 | 0.9 | 10.7 |
| Interest Expense | 0.1 | 6.3 | 5.5 | 9.2 | 8.0 | 6.4 | 9.2 | 10.1 | 16.9 | 28.8 | 31.7 | 31.2 | 38.2 | 42.8 | 45.3 | 24.2 | 42.8 | 83.1 | 133.6 |
| Pre-tax Income | 0.0 | 16.5 | 19.0 | 28.8 | 34.3 | 65.9 | 78.1 | 95.9 | 59.0 | 74.9 | 41.8 | (52.5) | (14.9) | (13.1) | (62.1) | (68.5) | 511.3 | 579.2 | 433.6 |
% effective tax rate | 0.5 0.0% | 9.9 60.0% | (0.5) (2.5%) | 19.1 66.3% | 13.9 40.5% | 15.1 22.9% | 12.8 16.4% | (12.3) (12.8%) | 29.5 50.1% | 74.9 100.1% | 33.0 78.8% | 41.5 (79.0%) | (28.7) 193.1% | (39.8) 304.3% | 1.2 (2.0%) | (31.0) 45.2% | 217.8 42.6% | (149.4) (25.8%) | 0.0 0.0% |
% margin | 4.1 44.5% | 6.6 21.0% | 19.5 38.7% | 28.8 38.3% | 34.3 37.0% | 50.8 35.5% | 65.3 34.9% | 95.9 46.7% | 59.0 29.8% | 74.9 32.9% | 41.8 18.7% | (52.5) (27.6%) | (15.1) (7.1%) | (13.1) (5.7%) | (63.4) (28.9%) | (37.5) (16.6%) | 293.5 41.2% | 579.2 47.9% | 433.6 33.2% |
| EPS | 3.35 | 5.40 | 2.25 | 22.95 | 22.05 | 17.70 | 16.80 | 24.15 | 12.60 | 13.95 | 7.20 | (9.48) | (1.71) | (1.21) | (5.85) | (3.42) | 12.97 | 18.82 | 14.08 |
| Diluted EPS | 3.35 | 5.40 | 2.25 | 22.95 | 22.05 | 17.70 | 16.80 | 24.15 | 12.60 | 13.95 | 7.20 | (9.30) | (1.65) | (1.21) | (5.85) | (3.42) | 12.95 | 18.82 | 14.08 |
% margin | 5.6 60.6% | 24.1 76.4% | 35.1 69.7% | 49.8 66.4% | 70.2 75.8% | 108.0 75.4% | 138.6 74.1% | 177.6 86.5% | 153.4 77.4% | 200.2 88.1% | 144.0 64.4% | 77.4 40.7% | 102.6 48.5% | 90.2 39.0% | 73.4 33.5% | 21.8 9.6% | 601.8 84.4% | 897.0 74.1% | 794.0 60.8% |
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FAQ
1) What is Navios Maritime Partners L.P.'s Total Debt to Total Equity?
As of today, Microsoft Corp's last 12-month Total Debt to Total Equity is 0.7x, based on the financial report for Sep 30, 2024 (Q3’2024). The average annual Total Debt to Total Equity for Navios Maritime Partners L.P. have been 1.0x over the past three years, and 1.0x over the past five years.
2) Is Navios Maritime Partners L.P.'s Total Debt to Total Equity Good?
As of today, Navios Maritime Partners L.P.'s Total Debt to Total Equity is 0.7x, which is higher than industry median of 0.6x. It indicates that Navios Maritime Partners L.P.'s Total Debt to Total Equity is Bad.