McGrath Balance Sheet Health
Financial Health criteria checks 6/6
McGrath has a total shareholder equity of A$53.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$85.8M and A$32.0M respectively. McGrath's EBIT is A$6.0M making its interest coverage ratio -1196.8. It has cash and short-term investments of A$26.3M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | -1196.8x |
Cash | AU$26.35m |
Equity | AU$53.80m |
Total liabilities | AU$31.97m |
Total assets | AU$85.76m |
Recent financial health updates
Recent updates
McGrath Limited (ASX:MEA) Might Not Be As Mispriced As It Looks
Feb 12McGrath (ASX:MEA) Will Pay A Dividend Of A$0.01
Aug 30Here's Why We Think McGrath (ASX:MEA) Is Well Worth Watching
May 19McGrath (ASX:MEA) Is Paying Out A Larger Dividend Than Last Year
Feb 23If You Like EPS Growth Then Check Out McGrath (ASX:MEA) Before It's Too Late
Jan 27We Think McGrath's (ASX:MEA) Profit Is Only A Baseline For What They Can Achieve
Feb 28McGrath Limited (ASX:MEA) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
Feb 03If You Had Bought McGrath's (ASX:MEA) Shares Five Years Ago You Would Be Down 75%
Dec 12Financial Position Analysis
Short Term Liabilities: MEA's short term assets (A$47.5M) exceed its short term liabilities (A$19.9M).
Long Term Liabilities: MEA's short term assets (A$47.5M) exceed its long term liabilities (A$12.1M).
Debt to Equity History and Analysis
Debt Level: MEA is debt free.
Reducing Debt: MEA had no debt 5 years ago.
Debt Coverage: MEA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MEA has no debt, therefore coverage of interest payments is not a concern.