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Mighty Craft Balance Sheet Health
Financial Health criteria checks 1/6
Mighty Craft has a total shareholder equity of A$15.8M and total debt of A$22.2M, which brings its debt-to-equity ratio to 140.5%. Its total assets and total liabilities are A$77.8M and A$62.0M respectively.
Key information
140.5%
Debt to equity ratio
AU$22.18m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.49m |
| Equity | AU$15.79m |
| Total liabilities | AU$62.03m |
| Total assets | AU$77.82m |
Recent financial health updates
Mighty Craft (ASX:MCL) Has Debt But No Earnings; Should You Worry?
Apr 20
Is Mighty Craft (ASX:MCL) A Risky Investment?
Sep 02We Think Mighty Craft (ASX:MCL) Has A Fair Chunk Of Debt
Mar 09Is Mighty Craft (ASX:MCL) Using Too Much Debt?
Mar 30Recent updates
Even With A 79% Surge, Cautious Investors Are Not Rewarding Mighty Craft Limited's (ASX:MCL) Performance Completely
Apr 03Lacklustre Performance Is Driving Mighty Craft Limited's (ASX:MCL) 33% Price Drop
Jul 19Mighty Craft (ASX:MCL) Has Debt But No Earnings; Should You Worry?
Apr 20Is Mighty Craft (ASX:MCL) A Risky Investment?
Sep 02We Think Mighty Craft (ASX:MCL) Has A Fair Chunk Of Debt
Mar 09Is Mighty Craft (ASX:MCL) Using Too Much Debt?
Mar 30Have Insiders Been Buying Mighty Craft Limited (ASX:MCL) Shares?
Dec 15
Financial Position Analysis
Short Term Liabilities: MCL's short term assets (A$39.6M) do not cover its short term liabilities (A$51.3M).
Long Term Liabilities: MCL's short term assets (A$39.6M) exceed its long term liabilities (A$10.7M).
Debt to Equity History and Analysis
Debt Level: MCL's net debt to equity ratio (105.7%) is considered high.
Reducing Debt: MCL's debt to equity ratio has increased from 28.4% to 140.5% over the past 5 years.
Debt Coverage: MCL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MCL's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/29 16:59 |
| End of Day Share Price | 2024/07/19 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mighty Craft Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Allan Franklin | Canaccord Genuity |