According to Marine Electricals latest financial reports the total debt is $2.71M, an increase of 356.91% to 2022. At the end of 2022 company had $593.97K total debt. This figure represents the debts and financial obligations that Marine Electricals combine short-term debt, long-term debt, and other fixed payment obligations (such as capital leases) of a business that are incurred while under normal operating cycles.
Year | Total debt | Change |
---|---|---|
2023 | $2.71M | 356.91% |
2022 | $593.97K | -49.79% |
2021 | $1.18M | -18.36% |
2020 | $1.45M | -3.79% |
2019 | $1.51M | - |