Gulf Marine Services Debt-to-Equity Ratio Growth & History (GMS)
Gulf Marine Services's debt-to-equity ratio was 0.51 for fiscal 2025.
View full Gulf Marine Services company overviewGulf Marine Services annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.51 | −0.12 | −19.06% |
| 2024 | 2024-12-31 | 0.63 | −0.22 | −25.75% |
| 2023 | 2023-12-31 | 0.85 | −0.31 | −26.57% |
| 2022 | 2022-12-31 | 1.16 | −0.31 | −20.82% |
| 2021 | 2021-12-31 | 1.47 | −0.55 | −27.21% |
| 2020 | 2020-12-31 | 2.01 | — | — |
Gulf Marine Services quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.51 | −0.12 | −19.06% |
| Q4 2024 | 2024-12-31 | 0.63 | — | — |
Gulf Marine Services debt-to-equity ratio trends
Over the last five fiscal years, Gulf Marine Services's debt-to-equity ratio decreased from 2.01 to 0.51, a change of −1.50. The latest reported quarter, Q4 2025, shows 0.51.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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Gulf Marine Services: conflict disruption and impairment drive an H1 loss
Gulf Marine Services reported interim results on 7 September 2026. Measure H1 2026 H1 2025 Adjusted revenue $84.1m $87.1m Adjusted EBITDA $43.8m $50.8m Reported net profit/(loss) $(14.8)m $3.9m Adjusted net profit $6.9m $14.1m Fleet utilisa ...