Mayfield Childcare Balance Sheet Health
Financial Health criteria checks 3/6
Mayfield Childcare has a total shareholder equity of A$64.6M and total debt of A$6.5M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are A$230.0M and A$165.4M respectively. Mayfield Childcare's EBIT is A$2.7M making its interest coverage ratio 0.6. It has cash and short-term investments of A$160.5K.
Key information
10.0%
Debt to equity ratio
AU$6.47m
Debt
| Interest coverage ratio | 0.6x |
| Cash | AU$160.53k |
| Equity | AU$64.59m |
| Total liabilities | AU$165.38m |
| Total assets | AU$229.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFD's short term assets (A$3.7M) do not cover its short term liabilities (A$16.8M).
Long Term Liabilities: MFD's short term assets (A$3.7M) do not cover its long term liabilities (A$148.6M).
Debt to Equity History and Analysis
Debt Level: MFD's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: MFD's debt to equity ratio has reduced from 56% to 10% over the past 5 years.
Debt Coverage: MFD's debt is well covered by operating cash flow (186.2%).
Interest Coverage: MFD's interest payments on its debt are not well covered by EBIT (0.6x coverage).