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
Health Check: How Prudently Does Midway (ASX:MWY) Use Debt?
Apr 08
Is Midway (ASX:MWY) A Risky Investment?
May 31Here's Why Midway (ASX:MWY) Has A Meaningful Debt Burden
Mar 01Recent updates
Midway Limited's (ASX:MWY) Shares Bounce 29% But Its Business Still Trails The Industry
Aug 31Midway Limited's (ASX:MWY) Business Is Yet to Catch Up With Its Share Price
May 06Health Check: How Prudently Does Midway (ASX:MWY) Use Debt?
Apr 08There Are Reasons To Feel Uneasy About Midway's (ASX:MWY) Returns On Capital
Oct 03Is Midway (ASX:MWY) A Risky Investment?
May 31Calculating The Fair Value Of Midway Limited (ASX:MWY)
May 05Midway (ASX:MWY) Will Be Hoping To Turn Its Returns On Capital Around
Mar 27Here's Why Midway (ASX:MWY) Has A Meaningful Debt Burden
Mar 01Midway's(ASX:MWY) Share Price Is Down 66% Over The Past Three Years.
Feb 08An 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 17What Can We Make Of Midway's (ASX:MWY) CEO Compensation?
Nov 26Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 00:54 |
| End of Day Share Price | 2025/01/07 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Midway Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Damien Williamson | Bell Potter |
| Belinda Moore | Morgans Financial Limited |
| Danny Younis | Shaw and Partners Limited |