Microequities Asset Management Group Balance Sheet Health
Financial Health criteria checks 6/6
Microequities Asset Management Group has a total shareholder equity of A$20.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$22.6M and A$2.0M respectively. Microequities Asset Management Group's EBIT is A$7.9M making its interest coverage ratio 504. It has cash and short-term investments of A$6.5M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | 504x |
Cash | AU$6.49m |
Equity | AU$20.57m |
Total liabilities | AU$2.05m |
Total assets | AU$22.62m |
Recent financial health updates
No updates
Recent updates
Investors Holding Back On Microequities Asset Management Group Limited (ASX:MAM)
Jan 22Microequities Asset Management Group (ASX:MAM) Has Announced That Its Dividend Will Be Reduced To A$0.015
Aug 18Microequities Asset Management Group (ASX:MAM) Is Reducing Its Dividend To A$0.02
Aug 15Here's Why We're Wary Of Buying Microequities Asset Management Group's (ASX:MAM) For Its Upcoming Dividend
Feb 22Who Has Been Buying Microequities Asset Management Group Limited (ASX:MAM) Shares?
Jan 19Can You Imagine How Microequities Asset Management Group's (ASX:MAM) Shareholders Feel About The 13% Share Price Increase?
Dec 15Is Microequities Asset Management Group Limited (ASX:MAM) A Risky Dividend Stock?
Nov 19Financial Position Analysis
Short Term Liabilities: MAM's short term assets (A$8.0M) exceed its short term liabilities (A$1.3M).
Long Term Liabilities: MAM's short term assets (A$8.0M) exceed its long term liabilities (A$727.3K).
Debt to Equity History and Analysis
Debt Level: MAM is debt free.
Reducing Debt: MAM had no debt 5 years ago.
Debt Coverage: MAM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAM has no debt, therefore coverage of interest payments is not a concern.