Magontec Financial Health

How is Magontec's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MGL's short term assets (A$73.9M) exceed its short term liabilities (A$30.6M).

Long Term Liabilities: MGL's short term assets (A$73.9M) exceed its long term liabilities (A$12.4M).


Debt to Equity History and Analysis

Debt Level: MGL has more cash than its total debt.

Reducing Debt: MGL's debt to equity ratio has reduced from 61.2% to 13.7% over the past 5 years.

Debt Coverage: MGL's debt is well covered by operating cash flow (176.9%).

Interest Coverage: MGL's interest payments on its debt are well covered by EBIT (39.4x coverage).


Balance Sheet


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