MyState Balance Sheet Health
Financial Health criteria checks 4/6
MyState has total assets of A$9.3B and total equity of A$461.1M. Total deposits are A$6.7B, and total loans are A$8.0B earning a Net Interest Margin of 1.6%. It has insufficient allowance for bad loans, which are currently at 0.6% of total loans. Cash and short-term investments are A$192.6M.
Key information
20.2x
Asset to equity ratio
1.6%
Net interest margin
| Total deposits | AU$6.69b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.6% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | AU$192.61m |
Recent financial health updates
No updates
Recent updates
MyState (ASX:MYS) Has Re-Affirmed Its Dividend Of AU$0.13
Feb 21
We Think The Compensation For MyState Limited's (ASX:MYS) CEO Looks About Right
Oct 13MyState Limited (ASX:MYS) Released Earnings Last Week And Analysts Lifted Their Price Target To AU$5.20
Feb 20
How Much Is MyState Limited (ASX:MYS) Paying Its CEO?
Jan 18Did You Participate In Any Of MyState's (ASX:MYS) Respectable 46% Return?
Nov 26Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MYS's Assets to Equity ratio (20.2x) is very high.
Allowance for Bad Loans: MYS has a low allowance for bad loans (16%).
Low Risk Liabilities: 76% of MYS's liabilities are made up of primarily low risk sources of funding.
Loan Level: MYS has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: MYS's Loans to Deposits ratio (119%) is appropriate.
Level of Bad Loans: MYS has an appropriate level of bad loans (0.6%).