Gulf Marine Services (GB:GMS) has released an update.
Gulf Marine Services has successfully reduced its net debt to $250.4 million with a net leverage ratio below three times, enhancing shareholder value and strengthening its financial position. This reduction enables the company to benefit from a 0.10% decrease in funding costs starting April 1, 2024, underlining its ongoing commitment to financial prudence and operational efficiency.
For further insights into GB:GMS stock, check out TipRanks’ Stock Analysis page.