McPherson's Balance Sheet Health
Financial Health criteria checks 6/6
McPherson's has a total shareholder equity of A$109.5M and total debt of A$14.0M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are A$188.4M and A$78.9M respectively. McPherson's's EBIT is A$5.5M making its interest coverage ratio 3.1. It has cash and short-term investments of A$10.1M.
Key information
12.8%
Debt to equity ratio
AU$14.02m
Debt
Interest coverage ratio | 3.1x |
Cash | AU$10.06m |
Equity | AU$109.46m |
Total liabilities | AU$78.92m |
Total assets | AU$188.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCP's short term assets (A$88.6M) exceed its short term liabilities (A$50.0M).
Long Term Liabilities: MCP's short term assets (A$88.6M) exceed its long term liabilities (A$28.9M).
Debt to Equity History and Analysis
Debt Level: MCP's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: MCP's debt to equity ratio has reduced from 28.8% to 12.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MCP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MCP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.8% per year.