Trico Marine Services, Inc.
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Trico Marine Services, Inc. Financial Snapshot
Operating Performance
Fast Facts
3200 Southwest Freeway, Houston, The company reported revenue of US$642.20 million
Headquarters Address
77027,United States of America during the fiscal year 2009 (2009). The company's
revenue grew at a CAGR of 37.00% during 2005–
Telephone + 1 713 7809926
2009, with an annual growth of 15.48% over 2008. In
2009, the company recorded an operating margin of -
Fax N/A 17.74%, as against -21.31% in 2008.
Website www.tricomarine.com
Revenue and Margins
TRMAQ, NASDAQ TRMAQ, Over The
Ticker Symbol, Stock Exchange
Counter
Number of Employees 1,780
Fiscal Year End December
Revenue (in US$ million) 642.20
Return on Equity
The company recorded a return on equity (ROE) of -
146.27% for 2009, as compared to its peers, Subsea
7 Inc. (Ticker: SUB), Tidewater Inc. (Ticker: TDW)
and SEACOR Holdings Inc. (Ticker: CKH), which
recorded ROEs of 24.29%, 18.13% and 7.35%
respectively. The company reported an operating
margin of -17.74% in 2009.
Return on Equity
Liquidity Position
The company reported a current ratio of 0.88 in 2009,
as compared to its peers, Subsea 7 Inc., Tidewater
Inc. and SEACOR Holdings Inc., which recorded
current ratios of 1.61, 3.12 and 3.31 respectively. As
of December 2009, the company recorded cash and
short-term investments of worth US$52.98 million,
against US$52.59 million current debt. The company
reported a debt to equity ratio of 7.39 in 2009 as
compared to its peers, Subsea 7 Inc., Tidewater Inc.
and SEACOR Holdings Inc., which recorded debt to
equity ratios of 0.51, 0.13 and 0.41 respectively.
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Trico Marine Services, Inc. - Company Capsule Page 1
Trico Marine Services, Inc.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Major Products and Services .................................................................................................................................5
2 Analysis of Key Performance Indicators ............................................................................................... 6
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Solvency ..........................................................................................................................................................12
2.3 Competitive Benchmarking ..................................................................................................................................13
2.3.1 Efficiency ..........................................................................................................................................................13
2.3.2 Capital Expenditure ..........................................................................................................................................14
2.3.3 Turnover – Inventory and Asset .......................................................................................................................15
2.3.4 Liquidity ............................................................................................................................................................16
3 Mergers & Acquisitions and Partnerships ........................................................................................... 17
3.1 M&A and Partnerships Strategy ...........................................................................................................................17
4 Key Employees ...................................................................................................................................... 18
5 Locations and Subsidiaries .....................................................................................