Metro Performance Glass Balance Sheet Health
Financial Health criteria checks 3/6
Metro Performance Glass has a total shareholder equity of NZ$66.5M and total debt of NZ$59.5M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are NZ$235.9M and NZ$169.4M respectively. Metro Performance Glass's EBIT is NZ$12.9M making its interest coverage ratio 1.2. It has cash and short-term investments of NZ$6.7M.
Key information
89.5%
Debt to equity ratio
NZ$59.49m
Debt
| Interest coverage ratio | 1.2x |
| Cash | NZ$6.71m |
| Equity | NZ$66.50m |
| Total liabilities | NZ$169.36m |
| Total assets | NZ$235.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPP's short term assets (NZ$76.0M) exceed its short term liabilities (NZ$38.1M).
Long Term Liabilities: MPP's short term assets (NZ$76.0M) do not cover its long term liabilities (NZ$131.3M).
Debt to Equity History and Analysis
Debt Level: MPP's net debt to equity ratio (79.4%) is considered high.
Reducing Debt: MPP's debt to equity ratio has increased from 60.1% to 89.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MPP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MPP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.9% per year.