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
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).