Magontec Balance Sheet Health
Financial Health criteria checks 5/6
Magontec has a total shareholder equity of A$48.8M and total debt of A$2.3M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are A$67.6M and A$18.8M respectively.
Key information
4.7%
Debt to equity ratio
AU$2.30m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.89m |
| Equity | AU$48.80m |
| Total liabilities | AU$18.79m |
| Total assets | AU$67.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGL's short term assets (A$49.9M) exceed its short term liabilities (A$8.3M).
Long Term Liabilities: MGL's short term assets (A$49.9M) exceed its long term liabilities (A$10.4M).
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 63.2% to 4.7% over the past 5 years.
Debt Coverage: MGL's debt is well covered by operating cash flow (106.6%).
Interest Coverage: Insufficient data to determine if MGL's interest payments on its debt are well covered by EBIT.