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).