MINT Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
MINT Income Fund has a total shareholder equity of CA$72.1M and total debt of CA$20.4M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are CA$93.1M and CA$21.0M respectively. MINT Income Fund's EBIT is CA$2.7M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$92.8M.
Key information
28.3%
Debt to equity ratio
CA$20.43m
Debt
Interest coverage ratio | 2.5x |
Cash | CA$92.76m |
Equity | CA$72.10m |
Total liabilities | CA$21.02m |
Total assets | CA$93.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MID.UN's short term assets (CA$93.1M) exceed its short term liabilities (CA$21.0M).
Long Term Liabilities: MID.UN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MID.UN has more cash than its total debt.
Reducing Debt: MID.UN's debt to equity ratio has increased from 9% to 28.3% over the past 5 years.
Debt Coverage: MID.UN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MID.UN's interest payments on its debt are not well covered by EBIT (2.5x coverage).