Microequities Asset Management Group Balance Sheet Health
Financial Health criteria checks 5/6
Microequities Asset Management Group has a total shareholder equity of A$21.1M and total debt of A$4.9M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are A$28.4M and A$7.4M respectively. Microequities Asset Management Group's EBIT is A$8.5M making its interest coverage ratio 209. It has cash and short-term investments of A$9.5M.
Key information
23.4%
Debt to equity ratio
AU$4.93m
Debt
| Interest coverage ratio | 209x |
| Cash | AU$9.50m |
| Equity | AU$21.08m |
| Total liabilities | AU$7.36m |
| Total assets | AU$28.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAM's short term assets (A$11.5M) exceed its short term liabilities (A$2.4M).
Long Term Liabilities: MAM's short term assets (A$11.5M) exceed its long term liabilities (A$5.0M).
Debt to Equity History and Analysis
Debt Level: MAM has more cash than its total debt.
Reducing Debt: MAM's debt to equity ratio has increased from 0% to 23.4% over the past 5 years.
Debt Coverage: MAM's debt is well covered by operating cash flow (124.8%).
Interest Coverage: MAM's interest payments on its debt are well covered by EBIT (209x coverage).