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.