Matrix Composites & Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Matrix Composites & Engineering has a total shareholder equity of A$31.0M and total debt of A$8.9M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are A$95.2M and A$64.1M respectively. Matrix Composites & Engineering's EBIT is A$6.6M making its interest coverage ratio 2.4. It has cash and short-term investments of A$23.3M.
Key information
28.7%
Debt to equity ratio
AU$8.92m
Debt
| Interest coverage ratio | 2.4x |
| Cash | AU$23.32m |
| Equity | AU$31.02m |
| Total liabilities | AU$64.14m |
| Total assets | AU$95.15m |
Recent financial health updates
Matrix Composites & Engineering (ASX:MCE) Has Debt But No Earnings; Should You Worry?
Feb 29
Is Matrix Composites & Engineering (ASX:MCE) Using Debt Sensibly?
Oct 31Does Matrix Composites & Engineering (ASX:MCE) Have A Healthy Balance Sheet?
Mar 15Matrix Composites & Engineering (ASX:MCE) Is In A Good Position To Deliver On Growth Plans
Nov 29We Think Matrix Composites & Engineering (ASX:MCE) Needs To Drive Business Growth Carefully
Aug 16Will Matrix Composites & Engineering (ASX:MCE) Spend Its Cash Wisely?
Apr 06Recent updates
Shareholders Should Be Pleased With Matrix Composites & Engineering Ltd's (ASX:MCE) Price
Nov 05Fewer Investors Than Expected Jumping On Matrix Composites & Engineering Ltd (ASX:MCE)
May 23Matrix Composites & Engineering (ASX:MCE) Has Debt But No Earnings; Should You Worry?
Feb 29Investors Still Aren't Entirely Convinced By Matrix Composites & Engineering Ltd's (ASX:MCE) Revenues Despite 26% Price Jump
Dec 15Is Matrix Composites & Engineering (ASX:MCE) Using Debt Sensibly?
Oct 31Calculating The Intrinsic Value Of Matrix Composites & Engineering Ltd (ASX:MCE)
Jun 21Does Matrix Composites & Engineering (ASX:MCE) Have A Healthy Balance Sheet?
Mar 15Matrix Composites & Engineering (ASX:MCE) Is In A Good Position To Deliver On Growth Plans
Nov 29We Think Matrix Composites & Engineering (ASX:MCE) Needs To Drive Business Growth Carefully
Aug 16Will Matrix Composites & Engineering (ASX:MCE) Spend Its Cash Wisely?
Apr 06How Much Are Matrix Composites & Engineering Ltd (ASX:MCE) Insiders Spending On Buying Shares?
Feb 28How Does Matrix Composites & Engineering's (ASX:MCE) CEO Pay Compare With Company Performance?
Jan 06Financial Position Analysis
Short Term Liabilities: MCE's short term assets (A$59.8M) exceed its short term liabilities (A$22.7M).
Long Term Liabilities: MCE's short term assets (A$59.8M) exceed its long term liabilities (A$41.4M).
Debt to Equity History and Analysis
Debt Level: MCE has more cash than its total debt.
Reducing Debt: MCE's debt to equity ratio has increased from 7.8% to 28.7% over the past 5 years.
Debt Coverage: MCE's debt is well covered by operating cash flow (122%).
Interest Coverage: MCE's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:28 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Matrix Composites & Engineering Ltd is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph House | Bell Potter |
| Mark Samter | CLSA |
| Aiden Bradley | Euroz Hartleys Securities Limited |