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
No updates
Recent updates
Financial 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).