Magontec Financial Health
How is Magontec's financial position?
Financial Health Score
6/6Financial 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).