Microbix Biosystems Balance Sheet Health
Financial Health criteria checks 4/6
Microbix Biosystems has a total shareholder equity of CA$27.2M and total debt of CA$5.9M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are CA$36.7M and CA$9.5M respectively. Microbix Biosystems's EBIT is CA$1.0M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$12.8M.
Key information
21.5%
Debt to equity ratio
CA$5.86m
Debt
| Interest coverage ratio | 2.6x |
| Cash | CA$12.78m |
| Equity | CA$27.23m |
| Total liabilities | CA$9.48m |
| Total assets | CA$36.71m |
Recent financial health updates
Is Microbix Biosystems (TSE:MBX) Using Debt Sensibly?
Nov 03
Is Microbix Biosystems (TSE:MBX) Using Debt In A Risky Way?
Jul 22Microbix Biosystems (TSE:MBX) Has A Pretty Healthy Balance Sheet
Aug 08Microbix Biosystems (TSE:MBX) Seems To Use Debt Quite Sensibly
Feb 06Is Microbix Biosystems (TSE:MBX) A Risky Investment?
Oct 14We Think Microbix Biosystems (TSE:MBX) Has A Fair Chunk Of Debt
Jan 29
Recent updates
Why Microbix Biosystems' (TSE:MBX) Earnings Are Weaker Than They Seem
Feb 21Microbix Biosystems Inc. (TSE:MBX) Just Reported Earnings, And Analysts Cut Their Target Price
Feb 17Microbix Biosystems Inc.'s (TSE:MBX) Shares Climb 29% But Its Business Is Yet to Catch Up
Dec 23Is Microbix Biosystems (TSE:MBX) Using Debt Sensibly?
Nov 03Is Microbix Biosystems (TSE:MBX) Using Debt In A Risky Way?
Jul 22Some Shareholders Feeling Restless Over Microbix Biosystems Inc.'s (TSE:MBX) P/S Ratio
May 17Time To Worry? Analysts Are Downgrading Their Microbix Biosystems Inc. (TSE:MBX) Outlook
Dec 27Microbix Biosystems (TSE:MBX) Has A Pretty Healthy Balance Sheet
Aug 08Microbix Biosystems' (TSE:MBX) Solid Profits Have Weak Fundamentals
May 20Microbix Biosystems (TSE:MBX) Seems To Use Debt Quite Sensibly
Feb 06One Microbix Biosystems Inc. (TSE:MBX) Analyst Just Made A Major Cut To Next Year's Estimates
Dec 28Is Microbix Biosystems (TSE:MBX) A Risky Investment?
Oct 14Microbix Biosystems Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 15A Look At The Fair Value Of Microbix Biosystems Inc. (TSE:MBX)
May 17Most Shareholders Will Probably Find That The CEO Compensation For Microbix Biosystems Inc. (TSE:MBX) Is Reasonable
Mar 24We Think Microbix Biosystems (TSE:MBX) Has A Fair Chunk Of Debt
Jan 29Financial Position Analysis
Short Term Liabilities: MBX's short term assets (CA$23.7M) exceed its short term liabilities (CA$2.8M).
Long Term Liabilities: MBX's short term assets (CA$23.7M) exceed its long term liabilities (CA$6.7M).
Debt to Equity History and Analysis
Debt Level: MBX has more cash than its total debt.
Reducing Debt: MBX's debt to equity ratio has reduced from 60.7% to 21.5% over the past 5 years.
Debt Coverage: MBX's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: MBX's interest payments on its debt are not well covered by EBIT (2.6x coverage).