Magontec Balance Sheet Health
Financial Health criteria checks 5/6
Magontec has a total shareholder equity of A$56.6M and total debt of A$4.4M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are A$85.2M and A$28.5M respectively. Magontec's EBIT is A$771.0K making its interest coverage ratio 2.4. It has cash and short-term investments of A$13.1M.
Key information
7.8%
Debt to equity ratio
AU$4.42m
Debt
Interest coverage ratio | 2.4x |
Cash | AU$13.14m |
Equity | AU$56.65m |
Total liabilities | AU$28.52m |
Total assets | AU$85.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGL's short term assets (A$62.5M) exceed its short term liabilities (A$17.9M).
Long Term Liabilities: MGL's short term assets (A$62.5M) exceed its long term liabilities (A$10.7M).
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 52% to 7.8% over the past 5 years.
Debt Coverage: MGL's debt is well covered by operating cash flow (257.9%).
Interest Coverage: MGL's interest payments on its debt are not well covered by EBIT (2.4x coverage).