Mitchell Services Balance Sheet Health
Financial Health criteria checks 6/6
Mitchell Services has a total shareholder equity of A$65.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$127.4M and A$61.8M respectively. Mitchell Services's EBIT is A$11.5M making its interest coverage ratio 7.6. It has cash and short-term investments of A$16.1M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 7.6x |
| Cash | AU$16.10m |
| Equity | AU$65.63m |
| Total liabilities | AU$61.78m |
| Total assets | AU$127.41m |
Recent financial health updates
Is Mitchell Services (ASX:MSV) Using Too Much Debt?
Apr 28
Is Mitchell Services (ASX:MSV) Using Too Much Debt?
Sep 13We Think Mitchell Services (ASX:MSV) Is Taking Some Risk With Its Debt
Mar 09Mitchell Services (ASX:MSV) Is Making Moderate Use Of Debt
Mar 02Here's Why Mitchell Services (ASX:MSV) Can Manage Its Debt Responsibly
Nov 24
Recent updates
Mitchell Services Limited's (ASX:MSV) Price Is Right But Growth Is Lacking After Shares Rocket 32%
Apr 18Is Mitchell Services (ASX:MSV) Using Too Much Debt?
Apr 28Here's Why It's Unlikely That Mitchell Services Limited's (ASX:MSV) CEO Will See A Pay Rise This Year
Nov 09Is Mitchell Services (ASX:MSV) Using Too Much Debt?
Sep 13We Think Mitchell Services (ASX:MSV) Is Taking Some Risk With Its Debt
Mar 09We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mitchell Services Limited's (ASX:MSV) CEO For Now
Oct 14The Executive Chairman of Mitchell Services Limited (ASX:MSV), Nathan Mitchell, Just Bought 1.3% More Shares
Mar 06Mitchell Services (ASX:MSV) Is Making Moderate Use Of Debt
Mar 02Mitchell Services Limited's (ASX:MSV) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Jan 29Are Mitchell Services's (ASX:MSV) Statutory Earnings A Good Guide To Its Underlying Profitability?
Jan 11How Is Mitchell Services' (ASX:MSV) CEO Compensated?
Dec 24Have Insiders Been Buying Mitchell Services Limited (ASX:MSV) Shares?
Dec 09Here's Why Mitchell Services (ASX:MSV) Can Manage Its Debt Responsibly
Nov 24Financial Position Analysis
Short Term Liabilities: MSV's short term assets (A$57.5M) exceed its short term liabilities (A$48.5M).
Long Term Liabilities: MSV's short term assets (A$57.5M) exceed its long term liabilities (A$13.2M).
Debt to Equity History and Analysis
Debt Level: MSV is debt free.
Reducing Debt: MSV has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.
Debt Coverage: MSV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MSV has no debt, therefore coverage of interest payments is not a concern.