Midway Balance Sheet Health

Financial Health criteria checks 6/6

Midway has a total shareholder equity of A$146.4M and total debt of A$932.0K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are A$217.4M and A$71.0M respectively. Midway's EBIT is A$3.0M making its interest coverage ratio -16. It has cash and short-term investments of A$24.9M.

Key information

0.6%

Debt to equity ratio

AU$932.00k

Debt

Interest coverage ratio	-16x
Cash	AU$24.86m
Equity	AU$146.40m
Total liabilities	AU$71.04m
Total assets	AU$217.45m

Recent financial health updates

Recent updates

Midway Limited's (ASX:MWY) Shares Bounce 29% But Its Business Still Trails The Industry

Aug 31

Midway Limited's (ASX:MWY) Business Is Yet to Catch Up With Its Share Price

May 06

Health Check: How Prudently Does Midway (ASX:MWY) Use Debt?

Apr 08

There Are Reasons To Feel Uneasy About Midway's (ASX:MWY) Returns On Capital

Oct 03

Is Midway (ASX:MWY) A Risky Investment?

May 31

Calculating The Fair Value Of Midway Limited (ASX:MWY)

May 05

Midway (ASX:MWY) Will Be Hoping To Turn Its Returns On Capital Around

Mar 27

Here's Why Midway (ASX:MWY) Has A Meaningful Debt Burden

Mar 01

Midway's(ASX:MWY) Share Price Is Down 66% Over The Past Three Years.

Feb 08

An Intrinsic Calculation For Midway Limited (ASX:MWY) Suggests It's 35% Undervalued

Jan 13

Should You Take Comfort From Insider Transactions At Midway Limited (ASX:MWY)?

Dec 17

What Can We Make Of Midway's (ASX:MWY) CEO Compensation?

Nov 26

Financial Position Analysis

Short Term Liabilities: MWY's short term assets (A$117.8M) exceed its short term liabilities (A$32.3M).

Long Term Liabilities: MWY's short term assets (A$117.8M) exceed its long term liabilities (A$38.7M).

Debt to Equity History and Analysis

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

Reducing Debt: MWY's debt to equity ratio has reduced from 24.2% to 0.6% over the past 5 years.

Debt Coverage: MWY's debt is well covered by operating cash flow (2056.9%).

Interest Coverage: MWY earns more interest than it pays, so coverage of interest payments is not a concern.

Midway Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Health Check: How Prudently Does Midway (ASX:MWY) Use Debt?

Is Midway (ASX:MWY) A Risky Investment?

Here's Why Midway (ASX:MWY) Has A Meaningful Debt Burden

Recent updates

River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million.

River Capital Pty Ltd. entered into a binding Scheme Implementation Deed to acquire Midway Limited (ASX:MWY) from Chebmont Pty Ltd and Gregory McCormack for approximately AUD 105 million.

New major risk - Share price stability

Midway Limited, Annual General Meeting, Nov 28, 2024

New minor risk - Share price stability

Upcoming dividend of AU$0.16 per share

Midway Limited's (ASX:MWY) Shares Bounce 29% But Its Business Still Trails The Industry

Full year 2024 earnings released: EPS: AU$0.01 (vs AU$0.03 loss in FY 2023)

Midway Limited to Report Fiscal Year 2024 Results on Aug 29, 2024

Midway Limited's (ASX:MWY) Business Is Yet to Catch Up With Its Share Price

Less than half of directors are independent

First half 2024 earnings released: AU$0.02 loss per share (vs AU$0.043 profit in 1H 2023)

Midway Limited Announces the Appointment of Andrew (Andy) Preece to the Board as a Non-Executive Director, Effective as of 1 March 2024

Midway Limited to Report First Half, 2024 Results on Feb 29, 2024

Midway Limited Announces Fully Franked Special Dividend, Payable on 22 December 2023

Midway Limited, Annual General Meeting, Oct 30, 2023

Full year 2023 earnings released: AU$0.03 loss per share (vs AU$0.10 loss in FY 2022)

Midway Limited to Report Fiscal Year 2023 Results on Aug 24, 2023

First half 2023 earnings released: EPS: AU$0.043 (vs AU$0.04 loss in 1H 2022)

Midway Limited to Report First Half, 2023 Results on Feb 23, 2023

Midway Limited Announces Board Changes

Midway Limited, Annual General Meeting, Nov 28, 2022

Midway Limited Announces Appointment of Ms Kellie Benda as Non-Executive Director

Midway Limited to Pay Dividend for the First Half of 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Midway Limited to Report Fiscal Year 2022 Results on Aug 29, 2022

Consensus EPS estimates fall by 88%

Midway to Sell Plantation Estate in Southwest Victoria for AUD 154.1 Million

Price target decreased to AU$1.22

Less than half of directors are independent

Health Check: How Prudently Does Midway (ASX:MWY) Use Debt?

Midway Limited Appoints Michael McKenzie as CFO, Effective 1 July, 2022

First half 2022 earnings: EPS and revenues miss analyst expectations

Midway Limited to Report First Half, 2022 Results on Feb 24, 2022

Price target increased to AU$1.42

There Are Reasons To Feel Uneasy About Midway's (ASX:MWY) Returns On Capital

Less than half of directors are independent

Full year 2021 earnings released: AU$0.061 loss per share (vs AU$0.14 loss in FY 2020)

Price target decreased to AU$1.08

Is Midway (ASX:MWY) A Risky Investment?

Calculating The Fair Value Of Midway Limited (ASX:MWY)

Midway (ASX:MWY) Will Be Hoping To Turn Its Returns On Capital Around

Here's Why Midway (ASX:MWY) Has A Meaningful Debt Burden

First half 2021 earnings released: AU$0.02 loss per share (vs AU$0.01 profit in 1H 2020)

Midway Limited to Report First Half, 2021 Results on Feb 24, 2021

Midway's(ASX:MWY) Share Price Is Down 66% Over The Past Three Years.

New 90-day low: AU$0.79

An Intrinsic Calculation For Midway Limited (ASX:MWY) Suggests It's 35% Undervalued

New 90-day low: AU$0.87

Should You Take Comfort From Insider Transactions At Midway Limited (ASX:MWY)?

New 90-day low: AU$0.95

What Can We Make Of Midway's (ASX:MWY) CEO Compensation?

New 90-day high: AU$1.11

Midway Limited Announces Retirement of Anthony Bennett as Non-Executive Director

New 90-day high - AU$1.00

Full year earnings released - AU$0.14 loss per share

Midway Limited to Report Fiscal Year 2020 Results on Aug 27, 2020

New 90-day low - AU$0.73

New 90-day low - AU$0.80

Midway Limited(ASX:MWY) dropped from S&P/ASX All Ordinaries Index

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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