Market Balance Sheet Health
Financial Health criteria checks 2/6
Market has a total shareholder equity of A$70.7M and total debt of A$41.7M, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are A$153.9M and A$83.2M respectively. Market's EBIT is A$8.1M making its interest coverage ratio 1.7. It has cash and short-term investments of A$11.8M.
Key information
59.0%
Debt to equity ratio
AU$41.71m
Debt
| Interest coverage ratio | 1.7x |
| Cash | AU$11.76m |
| Equity | AU$70.73m |
| Total liabilities | AU$83.15m |
| Total assets | AU$153.88m |
Recent financial health updates
These 4 Measures Indicate That Market Herald (ASX:TMH) Is Using Debt Extensively
Oct 27
These 4 Measures Indicate That Market Herald (ASX:TMH) Is Using Debt Safely
May 03Market Herald (ASX:TMH) Seems To Use Debt Quite Sensibly
Sep 18Is Market Herald (ASX:TMH) A Risky Investment?
Mar 10Recent updates
The Market Limited (ASX:MKT) Screens Well But There Might Be A Catch
May 14Market (ASX:MKT) Will Want To Turn Around Its Return Trends
Feb 23Capital Allocation Trends At Market (ASX:MKT) Aren't Ideal
Nov 18These 4 Measures Indicate That Market Herald (ASX:TMH) Is Using Debt Extensively
Oct 27Market Herald (ASX:TMH) Will Want To Turn Around Its Return Trends
Aug 16Returns On Capital Signal Tricky Times Ahead For Market Herald (ASX:TMH)
Aug 26These 4 Measures Indicate That Market Herald (ASX:TMH) Is Using Debt Safely
May 03Calculating The Intrinsic Value Of The Market Herald Limited (ASX:TMH)
Apr 07Market Herald (ASX:TMH) Seems To Use Debt Quite Sensibly
Sep 18A Look At The Fair Value Of The Market Herald Limited (ASX:TMH)
Apr 14Is Market Herald (ASX:TMH) A Risky Investment?
Mar 10Does The Market Herald Limited's (ASX:TMH) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
Feb 12We Wouldn't Rely On Market Herald's (ASX:TMH) Statutory Earnings As A Guide
Jan 08
Financial Position Analysis
Short Term Liabilities: MKT's short term assets (A$29.0M) exceed its short term liabilities (A$28.8M).
Long Term Liabilities: MKT's short term assets (A$29.0M) do not cover its long term liabilities (A$54.3M).
Debt to Equity History and Analysis
Debt Level: MKT's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: MKT's debt to equity ratio has increased from 0% to 59% over the past 5 years.
Debt Coverage: MKT's debt is well covered by operating cash flow (21.1%).
Interest Coverage: MKT's interest payments on its debt are not well covered by EBIT (1.7x coverage).