Magontec Balance Sheet Health
Financial Health criteria checks 5/6
Magontec has a total shareholder equity of A$56.6M and total debt of A$4.4M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are A$85.2M and A$28.5M respectively. Magontec's EBIT is A$771.0K making its interest coverage ratio 2.4. It has cash and short-term investments of A$13.1M.
Key information
7.8%
Debt to equity ratio
AU$4.42m
Debt
| Interest coverage ratio | 2.4x |
| Cash | AU$13.14m |
| Equity | AU$56.65m |
| Total liabilities | AU$28.52m |
| Total assets | AU$85.17m |
Recent financial health updates
Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly
Sep 01
Is Magontec (ASX:MGL) Using Too Much Debt?
May 12Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly
Oct 05Is Magontec (ASX:MGL) A Risky Investment?
Apr 29Magontec (ASX:MGL) Has A Pretty Healthy Balance Sheet
Oct 04Here's Why Magontec (ASX:MGL) Has A Meaningful Debt Burden
May 04Recent updates
Magontec (ASX:MGL) Is Due To Pay A Dividend Of A$0.006
Mar 04Magontec (ASX:MGL) Shareholders Will Want The ROCE Trajectory To Continue
Jan 31Investors Will Want Magontec's (ASX:MGL) Growth In ROCE To Persist
Nov 01Magontec's (ASX:MGL) Soft Earnings Don't Show The Whole Picture
Sep 07Magontec (ASX:MGL) Will Pay A Dividend Of A$0.006
Sep 06Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly
Sep 01Magontec (ASX:MGL) Knows How To Allocate Capital Effectively
Jul 19Is Magontec (ASX:MGL) Using Too Much Debt?
May 12Magontec Limited (ASX:MGL) Surges 48% Yet Its Low P/E Is No Reason For Excitement
Mar 06Why We Like The Returns At Magontec (ASX:MGL)
Jan 23Magontec (ASX:MGL) Seems To Use Debt Quite Sensibly
Oct 05Magontec (ASX:MGL) Is Experiencing Growth In Returns On Capital
Aug 12Is Magontec (ASX:MGL) A Risky Investment?
Apr 29Magontec (ASX:MGL) Hasn't Managed To Accelerate Its Returns
Feb 20Returns On Capital At Magontec (ASX:MGL) Have Hit The Brakes
Nov 08Magontec (ASX:MGL) Has A Pretty Healthy Balance Sheet
Oct 04It Looks Like Magontec Limited's (ASX:MGL) CEO May Expect Their Salary To Be Put Under The Microscope
May 18Here's Why Magontec (ASX:MGL) Has A Meaningful Debt Burden
May 04Here's What We Make Of Magontec's (ASX:MGL) Returns On Capital
Mar 06Does Magontec (ASX:MGL) Have A Healthy Balance Sheet?
Dec 15Financial Position Analysis
Short Term Liabilities: MGL's short term assets (A$62.5M) exceed its short term liabilities (A$17.9M).
Long Term Liabilities: MGL's short term assets (A$62.5M) exceed its long term liabilities (A$10.7M).
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 52% to 7.8% over the past 5 years.
Debt Coverage: MGL's debt is well covered by operating cash flow (257.9%).
Interest Coverage: MGL's interest payments on its debt are not well covered by EBIT (2.4x coverage).