MaxiPARTS Balance Sheet Health
Financial Health criteria checks 5/6
MaxiPARTS has a total shareholder equity of A$100.9M and total debt of A$30.0M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are A$215.4M and A$114.5M respectively. MaxiPARTS's EBIT is A$12.9M making its interest coverage ratio 4.9. It has cash and short-term investments of A$12.0M.
Key information
29.7%
Debt to equity ratio
AU$30.00m
Debt
Interest coverage ratio | 4.9x |
Cash | AU$12.02m |
Equity | AU$100.90m |
Total liabilities | AU$114.48m |
Total assets | AU$215.38m |
Recent financial health updates
Is MaxiPARTS (ASX:MXI) A Risky Investment?
Oct 18Health Check: How Prudently Does MaxiTRANS Industries (ASX:MXI) Use Debt?
Apr 18Recent updates
If EPS Growth Is Important To You, MaxiPARTS (ASX:MXI) Presents An Opportunity
Nov 16MaxiPARTS (ASX:MXI) Is Increasing Its Dividend To A$0.0322
Aug 29Is Now An Opportune Moment To Examine MaxiPARTS Limited (ASX:MXI)?
Dec 08Is MaxiPARTS (ASX:MXI) A Risky Investment?
Oct 18Shareholders Will Be Pleased With The Quality of MaxiTRANS Industries' (ASX:MXI) Earnings
Aug 26Health Check: How Prudently Does MaxiTRANS Industries (ASX:MXI) Use Debt?
Apr 18How Does MaxiTRANS Industries' (ASX:MXI) CEO Salary Compare to Peers?
Feb 18When Should You Buy MaxiTRANS Industries Limited (ASX:MXI)?
Dec 25What Can We Conclude About MaxiTRANS Industries' (ASX:MXI) CEO Pay?
Nov 20Financial Position Analysis
Short Term Liabilities: MXI's short term assets (A$118.8M) exceed its short term liabilities (A$49.2M).
Long Term Liabilities: MXI's short term assets (A$118.8M) exceed its long term liabilities (A$65.3M).
Debt to Equity History and Analysis
Debt Level: MXI's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: MXI's debt to equity ratio has increased from 0.2% to 29.7% over the past 5 years.
Debt Coverage: MXI's debt is well covered by operating cash flow (31.3%).
Interest Coverage: MXI's interest payments on its debt are well covered by EBIT (4.9x coverage).