MLG Oz Balance Sheet Health
Financial Health criteria checks 5/6
MLG Oz has a total shareholder equity of A$126.1M and total debt of A$5.4M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are A$260.6M and A$134.5M respectively. MLG Oz's EBIT is A$19.2M making its interest coverage ratio 6.8. It has cash and short-term investments of A$384.2K.
Key information
4.3%
Debt to equity ratio
AU$5.37m
Debt
| Interest coverage ratio | 6.8x |
| Cash | AU$384.22k |
| Equity | AU$126.14m |
| Total liabilities | AU$134.47m |
| Total assets | AU$260.61m |
Recent financial health updates
Recent updates
MLG Oz (ASX:MLG) Will Want To Turn Around Its Return Trends
Apr 12
We Think MLG Oz (ASX:MLG) Can Stay On Top Of Its Debt
Feb 22Improved Revenues Required Before MLG Oz Limited (ASX:MLG) Stock's 25% Jump Looks Justified
Dec 13Investors Could Be Concerned With MLG Oz's (ASX:MLG) Returns On Capital
Dec 08Estimating The Fair Value Of MLG Oz Limited (ASX:MLG)
Jun 07Returns On Capital Signal Tricky Times Ahead For MLG Oz (ASX:MLG)
May 02Estimating The Intrinsic Value Of MLG Oz Limited (ASX:MLG)
Oct 24MLG Oz (ASX:MLG) Will Want To Turn Around Its Return Trends
Sep 12Some Investors May Be Worried About MLG Oz's (ASX:MLG) Returns On Capital
Jun 08MLG Oz Limited Just Beat Revenue By 16%: Here's What Analysts Think Will Happen Next
Feb 24Is MLG Oz Limited (ASX:MLG) Trading At A 23% Discount?
Feb 11MLG Oz's (ASX:MLG) Performance Is Even Better Than Its Earnings Suggest
Aug 31Financial Position Analysis
Short Term Liabilities: MLG's short term assets (A$70.6M) do not cover its short term liabilities (A$82.5M).
Long Term Liabilities: MLG's short term assets (A$70.6M) exceed its long term liabilities (A$52.0M).
Debt to Equity History and Analysis
Debt Level: MLG's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: MLG's debt to equity ratio has reduced from 15.7% to 4.3% over the past 5 years.
Debt Coverage: MLG's debt is well covered by operating cash flow (654.9%).
Interest Coverage: MLG's interest payments on its debt are well covered by EBIT (6.8x coverage).