Mayfield Childcare Balance Sheet Health
Financial Health criteria checks 3/6
Mayfield Childcare has a total shareholder equity of A$65.4M and total debt of A$7.5M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are A$235.7M and A$170.3M respectively. Mayfield Childcare's EBIT is A$1.8M making its interest coverage ratio 0.4. It has cash and short-term investments of A$362.7K.
Key information
11.5%
Debt to equity ratio
AU$7.55m
Debt
| Interest coverage ratio | 0.4x |
| Cash | AU$362.67k |
| Equity | AU$65.38m |
| Total liabilities | AU$170.32m |
| Total assets | AU$235.71m |
Recent financial health updates
Is Mayfield Childcare (ASX:MFD) Using Too Much Debt?
Mar 29
We Think Mayfield Childcare (ASX:MFD) Can Stay On Top Of Its Debt
May 25Is Mayfield Childcare (ASX:MFD) A Risky Investment?
Feb 11
Recent updates
At AU$1.17, Is It Time To Put Mayfield Childcare Limited (ASX:MFD) On Your Watch List?
Jan 20Mayfield Childcare's (ASX:MFD) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 23Should You Investigate Mayfield Childcare Limited (ASX:MFD) At AU$1.46?
May 24Is Mayfield Childcare (ASX:MFD) Using Too Much Debt?
Mar 29What Does Mayfield Childcare Limited's (ASX:MFD) Share Price Indicate?
Nov 30We Think Mayfield Childcare (ASX:MFD) Can Stay On Top Of Its Debt
May 25Is There Now An Opportunity In Mayfield Childcare Limited (ASX:MFD)?
May 04We Think Shareholders May Consider Being More Generous With Mayfield Childcare Limited's (ASX:MFD) CEO Compensation Package
Mar 24Is Mayfield Childcare Limited's (ASX:MFD) Latest Stock Performance Being Led By Its Strong Fundamentals?
Mar 16Mayfield Childcare Limited (ASX:MFD) Has Got What It Takes To Be An Attractive Dividend Stock
Feb 26Is Mayfield Childcare (ASX:MFD) A Risky Investment?
Feb 11What Is Mayfield Childcare Limited's (ASX:MFD) Share Price Doing?
Jan 27Need To Know: Mayfield Childcare Limited (ASX:MFD) Insiders Have Been Buying Shares
Jan 06Are Mayfield Childcare's (ASX:MFD) Statutory Earnings A Good Guide To Its Underlying Profitability?
Dec 16Financial Position Analysis
Short Term Liabilities: MFD's short term assets (A$4.1M) do not cover its short term liabilities (A$24.1M).
Long Term Liabilities: MFD's short term assets (A$4.1M) do not cover its long term liabilities (A$146.2M).
Debt to Equity History and Analysis
Debt Level: MFD's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: MFD's debt to equity ratio has reduced from 49% to 11.5% over the past 5 years.
Debt Coverage: MFD's debt is well covered by operating cash flow (121.8%).
Interest Coverage: MFD's interest payments on its debt are not well covered by EBIT (0.4x coverage).