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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
No updates
Recent updates
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.