MaxiPARTS Balance Sheet Health

Financial Health criteria checks 6/6

MaxiPARTS has a total shareholder equity of A$102.0M and total debt of A$29.5M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are A$212.3M and A$110.3M respectively. MaxiPARTS's EBIT is A$13.5M making its interest coverage ratio 3.6. It has cash and short-term investments of A$13.6M.

Key information

28.9%

Debt to equity ratio

AU$29.50m

Debt

Interest coverage ratio	3.6x
Cash	AU$13.63m
Equity	AU$101.99m
Total liabilities	AU$110.29m
Total assets	AU$212.27m

Recent financial health updates

Recent updates

Does MaxiPARTS (ASX:MXI) Have A Healthy Balance Sheet?

May 08

If EPS Growth Is Important To You, MaxiPARTS (ASX:MXI) Presents An Opportunity

Nov 16

MaxiPARTS (ASX:MXI) Is Increasing Its Dividend To A$0.0322

Aug 29

Is Now An Opportune Moment To Examine MaxiPARTS Limited (ASX:MXI)?

Dec 08

Is MaxiPARTS (ASX:MXI) A Risky Investment?

Oct 18

Shareholders Will Be Pleased With The Quality of MaxiTRANS Industries' (ASX:MXI) Earnings

Aug 26

Health Check: How Prudently Does MaxiTRANS Industries (ASX:MXI) Use Debt?

Apr 18

How Does MaxiTRANS Industries' (ASX:MXI) CEO Salary Compare to Peers?

Feb 18

When Should You Buy MaxiTRANS Industries Limited (ASX:MXI)?

Dec 25

What Can We Conclude About MaxiTRANS Industries' (ASX:MXI) CEO Pay?

Nov 20

Financial Position Analysis

Short Term Liabilities: MXI's short term assets (A$120.6M) exceed its short term liabilities (A$50.2M).

Long Term Liabilities: MXI's short term assets (A$120.6M) exceed its long term liabilities (A$60.1M).

Debt to Equity History and Analysis

Debt Level: MXI's net debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: MXI's debt to equity ratio has reduced from 38.7% to 28.9% over the past 5 years.

Debt Coverage: MXI's debt is well covered by operating cash flow (36.1%).

Interest Coverage: MXI's interest payments on its debt are well covered by EBIT (3.6x coverage).

MaxiPARTS Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Does MaxiPARTS (ASX:MXI) Have A Healthy Balance Sheet?

Is MaxiPARTS (ASX:MXI) A Risky Investment?

Health Check: How Prudently Does MaxiTRANS Industries (ASX:MXI) Use Debt?

MaxiTRANS Industries Limited Auditor Raises 'Going Concern' Doubt

Recent updates

MaxiPARTS Limited, Annual General Meeting, Nov 21, 2024

MD, CEO & Director recently bought AU$207k worth of stock

Consensus EPS estimates fall by 11%

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

First half dividend reduced to AU$0.026

MaxiPARTS Limited Announces Ordinary Dividend for the Twelve Months Period Ended June 30, 2024, Payable on September 19, 2024

MaxiPARTS Limited to Report Fiscal Year 2024 Results on Aug 22, 2024

High number of new and inexperienced directors

Price target decreased by 13% to AU$2.91

Consensus EPS estimates fall by 19%

Does MaxiPARTS (ASX:MXI) Have A Healthy Balance Sheet?

Independent Chairman of the Board recently bought AU$61k worth of stock

First half 2024 earnings released: EPS: AU$0.056 (vs AU$0.078 in 1H 2023)

First half dividend of AU$0.026 announced

MaxiPARTS Limited to Report First Half, 2024 Results on Feb 22, 2024

Consensus EPS estimates fall by 14%

New minor risk - Shareholder dilution

MaxiPARTS Limited has filed a Follow-on Equity Offering in the amount of AUD 17.227181 million.

If EPS Growth Is Important To You, MaxiPARTS (ASX:MXI) Presents An Opportunity

MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 17.227181 million.

MaxiPARTS Limited, Annual General Meeting, Nov 23, 2023

MD, CEO & Director exercised options to buy AU$551k worth of stock.

High number of new and inexperienced directors

MaxiPARTS (ASX:MXI) Is Increasing Its Dividend To A$0.0322

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 7.2% to AU$3.35

MaxiPARTS Limited Proposes Fully Franked Final Dividend, Payable on 15 September 2023

MaxiPARTS Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

MaxiPARTS Limited (ASX:MXI) completed the acquisition of 80% stake in Forch Australia Pty Ltd.

Price target increased by 17% to AU$4.22

Investor sentiment improves as stock rises 19%

First half 2023 earnings released: EPS: AU$0.078 (vs AU$0.075 in 1H 2022)

MaxiPARTS Limited to Report First Half, 2023 Results on Feb 24, 2023

Price target decreased to AU$3.60

MaxiPARTS Limited, Annual General Meeting, Oct 20, 2022

MaxiPARTS Limited Appoints Debra Stirling as an Independent, Non-Executive Director

Upcoming dividend of AU$0.025 per share

Full year 2022 earnings: EPS and revenues miss analyst expectations

MaxiPARTS Limited Announces Ordinary Dividend for the Full Year Ended June 30, 2022, Payable on September 19, 2022

Independent Non-Executive Director recently bought AU$103k worth of stock

MaxiPARTS Limited Announces Management Changes

MaxiPARTS Limited Announces Board Changes

Price target decreased to AU$4.00

Price target decreased to AU$4.00

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

First half 2022 earnings released

MaxiTRANS Industries Limited Provides Group Earnings Guidance for the Fiscal Year 2021

MaxiPARTS Limited has completed a Follow-on Equity Offering in the amount of AUD 15.361978 million.

Is Now An Opportune Moment To Examine MaxiPARTS Limited (ASX:MXI)?

MaxiPARTS Limited Announces Special Dividend, Payable on December 24, 2021

High number of new and inexperienced directors

Investor sentiment improved over the past week

Is MaxiPARTS (ASX:MXI) A Risky Investment?

MD & CEO Dean Jenkins has left the company

MD, CEO & Executive Director recently bought AU$100k worth of stock

MD, CEO & Executive Director recently bought AU$100k worth of stock

Shareholders Will Be Pleased With The Quality of MaxiTRANS Industries' (ASX:MXI) Earnings

MaxiTRANS Industries Limited Proposes Fully Franked Special Dividend to Be Paid as Part of the Funds Distribution from the Sale of the Trailer Solutions Group

Full year 2021 earnings released: EPS AU$0.031 (vs AU$0.19 loss in FY 2020)

Health Check: How Prudently Does MaxiTRANS Industries (ASX:MXI) Use Debt?

MaxiTRANS Industries Limited Announces Executive Cangas

Independent Non-Executive Director has left the company

First half 2021 earnings released: EPS AU$0.031 (vs AU$0.078 loss in 1H 2020)

Revenue beats expectations

How Does MaxiTRANS Industries' (ASX:MXI) CEO Salary Compare to Peers?

When Should You Buy MaxiTRANS Industries Limited (ASX:MXI)?

What Can We Conclude About MaxiTRANS Industries' (ASX:MXI) CEO Pay?

New 90-day high: AU$0.29

New 90-day high: AU$0.28

New 90-day high: AU$0.28