Midway Balance Sheet Health
Financial Health criteria checks 4/6
Midway has a total shareholder equity of A$145.2M and total debt of A$16.6M, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are A$227.3M and A$82.1M respectively.
Key information
11.4%
Debt to equity ratio
AU$16.60m
Debt
Interest coverage ratio | n/a |
Cash | AU$11.64m |
Equity | AU$145.23m |
Total liabilities | AU$82.09m |
Total assets | AU$227.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MWY's short term assets (A$127.0M) exceed its short term liabilities (A$42.5M).
Long Term Liabilities: MWY's short term assets (A$127.0M) exceed its long term liabilities (A$39.5M).
Debt to Equity History and Analysis
Debt Level: MWY's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: MWY's debt to equity ratio has reduced from 26.7% to 11.4% over the past 5 years.
Debt Coverage: MWY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MWY's interest payments on its debt are well covered by EBIT.