McMillan Shakespeare Balance Sheet Health
Financial Health criteria checks 3/6
McMillan Shakespeare has a total shareholder equity of A$128.8M and total debt of A$547.2M, which brings its debt-to-equity ratio to 424.7%. Its total assets and total liabilities are A$1.3B and A$1.2B respectively. McMillan Shakespeare's EBIT is A$155.9M making its interest coverage ratio 6.2. It has cash and short-term investments of A$154.6M.
Key information
424.7%
Debt to equity ratio
AU$547.23m
Debt
| Interest coverage ratio | 6.2x |
| Cash | AU$154.63m |
| Equity | AU$128.84m |
| Total liabilities | AU$1.17b |
| Total assets | AU$1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMS's short term assets (A$685.7M) exceed its short term liabilities (A$581.3M).
Long Term Liabilities: MMS's short term assets (A$685.7M) exceed its long term liabilities (A$592.9M).
Debt to Equity History and Analysis
Debt Level: MMS's net debt to equity ratio (304.7%) is considered high.
Reducing Debt: MMS's debt to equity ratio has increased from 88.7% to 424.7% over the past 5 years.
Debt Coverage: MMS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MMS's interest payments on its debt are well covered by EBIT (6.2x coverage).