My Food Bag Group Balance Sheet Health
Financial Health criteria checks 4/6
My Food Bag Group has a total shareholder equity of NZ$58.0M and total debt of NZ$15.4M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are NZ$108.6M and NZ$50.6M respectively. My Food Bag Group's EBIT is NZ$12.5M making its interest coverage ratio 8.8. It has cash and short-term investments of NZ$150.0K.
Key information
26.6%
Debt to equity ratio
NZ$15.42m
Debt
Interest coverage ratio | 8.8x |
Cash | NZ$150.00k |
Equity | NZ$57.98m |
Total liabilities | NZ$50.57m |
Total assets | NZ$108.55m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFB's short term assets (NZ$4.6M) do not cover its short term liabilities (NZ$25.2M).
Long Term Liabilities: MFB's short term assets (NZ$4.6M) do not cover its long term liabilities (NZ$25.4M).
Debt to Equity History and Analysis
Debt Level: MFB's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: MFB's debt to equity ratio has reduced from 36.2% to 26.6% over the past 5 years.
Debt Coverage: MFB's debt is well covered by operating cash flow (63.3%).
Interest Coverage: MFB's interest payments on its debt are well covered by EBIT (8.8x coverage).