Mitchell Services Balance Sheet Health
Financial Health criteria checks 5/6
Mitchell Services has a total shareholder equity of A$65.2M and total debt of A$3.2M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are A$130.5M and A$65.3M respectively. Mitchell Services's EBIT is A$14.2M making its interest coverage ratio 7.3. It has cash and short-term investments of A$16.9M.
Key information
4.9%
Debt to equity ratio
AU$3.20m
Debt
Interest coverage ratio | 7.3x |
Cash | AU$16.90m |
Equity | AU$65.20m |
Total liabilities | AU$65.28m |
Total assets | AU$130.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MSV's short term assets (A$55.9M) exceed its short term liabilities (A$48.0M).
Long Term Liabilities: MSV's short term assets (A$55.9M) exceed its long term liabilities (A$17.3M).
Debt to Equity History and Analysis
Debt Level: MSV has more cash than its total debt.
Reducing Debt: MSV's debt to equity ratio has increased from 2.4% to 4.9% over the past 5 years.
Debt Coverage: MSV's debt is well covered by operating cash flow (1528.8%).
Interest Coverage: MSV's interest payments on its debt are well covered by EBIT (7.3x coverage).