Maxim Power Balance Sheet Health

Financial Health criteria checks 5/6

Maxim Power has a total shareholder equity of CA$319.4M and total debt of CA$79.9M, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are CA$445.7M and CA$126.3M respectively. Maxim Power's EBIT is CA$30.6M making its interest coverage ratio 7. It has cash and short-term investments of CA$99.0M.

Key information

25.0%

Debt to equity ratio

CA$79.87m

Debt

Interest coverage ratio	7x
Cash	CA$99.01m
Equity	CA$319.38m
Total liabilities	CA$126.28m
Total assets	CA$445.66m

Recent financial health updates

Recent updates

Maxim Power Corp.'s (TSE:MXG) 29% Share Price Surge Not Quite Adding Up

Nov 10

Maxim Power's (TSE:MXG) Earnings Quality Is Low

Mar 22

Maxim Power (TSE:MXG) Takes On Some Risk With Its Use Of Debt

Oct 04

Maxim Power's (TSE:MXG) Returns On Capital Are Heading Higher

Jun 03

We Think Maxim Power (TSE:MXG) Has A Fair Chunk Of Debt

Sep 16

Cautious Investors Not Rewarding Maxim Power Corp.'s (TSE:MXG) Performance Completely

Aug 05

Maxim Power (TSE:MXG) Shareholders Will Want The ROCE Trajectory To Continue

Jul 07

Does Maxim Power (TSE:MXG) Have A Healthy Balance Sheet?

Nov 13

Is Maxim Power (TSE:MXG) Using Too Much Debt?

Jul 01

Would Maxim Power (TSE:MXG) Be Better Off With Less Debt?

Mar 10

Are Insiders Buying Maxim Power Corp. (TSE:MXG) Stock?

Jan 01

Financial Position Analysis

Short Term Liabilities: MXG's short term assets (CA$118.0M) exceed its short term liabilities (CA$23.6M).

Long Term Liabilities: MXG's short term assets (CA$118.0M) exceed its long term liabilities (CA$102.7M).

Debt to Equity History and Analysis

Debt Level: MXG has more cash than its total debt.

Reducing Debt: MXG's debt to equity ratio has increased from 0% to 25% over the past 5 years.

Debt Coverage: MXG's debt is well covered by operating cash flow (89%).

Interest Coverage: MXG's interest payments on its debt are well covered by EBIT (7x coverage).

Maxim Power Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Maxim Power (TSE:MXG) Takes On Some Risk With Its Use Of Debt

We Think Maxim Power (TSE:MXG) Has A Fair Chunk Of Debt

Does Maxim Power (TSE:MXG) Have A Healthy Balance Sheet?

Is Maxim Power (TSE:MXG) Using Too Much Debt?

Would Maxim Power (TSE:MXG) Be Better Off With Less Debt?

Recent updates

New minor risk - Shareholder dilution

Maxim Power Corp.'s (TSE:MXG) 29% Share Price Surge Not Quite Adding Up

Maxim Power Corp. Approves Special Dividend, Payable on November 29, 2024

New minor risk - Profit margin trend

Corporate Secretary & Senior HR Advisor exercised options to buy CA$37k worth of stock.

Maxim Power Corp., Annual General Meeting, Jun 05, 2024

Maxim Power's (TSE:MXG) Earnings Quality Is Low

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: CA$0.56 (vs CA$0.84 in FY 2022)

Maxim Power Corp. Reports Impairment Charge for the Three Months Ended December 31, 2023

Maxim Power Corp. Announces Chief Executive Officer Changes, Effective January 1, 2024

President & COO exercised options to buy CA$274k worth of stock.

Third quarter 2023 earnings released: CA$0.10 loss per share (vs CA$0.48 profit in 3Q 2022)

Maxim Power (TSE:MXG) Takes On Some Risk With Its Use Of Debt

Corporate Secretary & Senior HR Advisor exercised options to buy CA$152k worth of stock.

New minor risk - Earnings quality

First half 2023 earnings released: EPS: CA$0.28 (vs CA$0.51 in 1H 2022)

VP of Corporate Development & CFO exercised options to buy CA$191k worth of stock.

Now 21% undervalued

Investor sentiment improves as stock rises 15%

Maxim Power's (TSE:MXG) Returns On Capital Are Heading Higher

Independent Director exercised options to buy CA$115k worth of stock.

First quarter 2023 earnings released: EPS: CA$0.15 (vs CA$0.34 in 1Q 2022)

VP of Corporate Development & CFO exercised options to buy CA$200k worth of stock.

Full year 2022 earnings released: EPS: CA$0.84 (vs CA$1.57 in FY 2021)

Investor sentiment improves as stock rises 17%

Maxim Power Corp. Provides Updates on the M2 Return to Service, CCGT Expansion Project and Insurance Information

Maxim Power Corp. Reports Fire Incident At Milner 2

Maxim Power Corp. Provides M2 Operations and CCGT Project Updates

President & COO exercised options to buy CA$277k worth of stock.

We Think Maxim Power (TSE:MXG) Has A Fair Chunk Of Debt

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: CA$0.17 (vs CA$0.59 in 2Q 2021)

Cautious Investors Not Rewarding Maxim Power Corp.'s (TSE:MXG) Performance Completely

Maxim Power (TSE:MXG) Shareholders Will Want The ROCE Trajectory To Continue

Maxim Power Corp. Announces Board Changes

Independent Director exercised options to buy CA$109k worth of stock.

First quarter 2022 earnings released: EPS: CA$0.34 (vs CA$0.53 in 1Q 2021)

VP of Corporate Development & CFO exercised options to buy CA$183k worth of stock.

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Maxim Power Corp. Provides M2 Operations Update

President & COO exercised options to buy CA$215k worth of stock.

Investor sentiment improved over the past week

Does Maxim Power (TSE:MXG) Have A Healthy Balance Sheet?

Third quarter 2021 earnings released: EPS CA$0.36 (vs CA$0.01 in 3Q 2020)

Corporate Secretary & Senior HR Advisor exercised options to buy CA$195k worth of stock.

VP of Corporate Development & CFO exercised options to buy CA$159k worth of stock.

Second quarter 2021 earnings released: EPS CA$0.59 (vs CA$0.023 loss in 2Q 2020)

Is Maxim Power (TSE:MXG) Using Too Much Debt?

VP of Corporate Development & CFO recently bought CA$183k worth of stock

Maxim Power Corp. Updates on 300 Mw Milner 2 CCGT Project

Independent Director exercised options to buy CA$117k worth of stock.

First quarter 2021 earnings released: EPS CA$0.53 (vs CA$0.02 in 1Q 2020)

Full year 2020 earnings released

Maxim Power Corp., Annual General Meeting, May 27, 2021

Would Maxim Power (TSE:MXG) Be Better Off With Less Debt?

Maxim Power Corp. Announces the Receipt of the Second Line Loss Proceedings Payment

New 90-day high: CA$2.46

Maxim Power Corp. Announces Appointment of Kyle Mitton as Chief Financial Officer

Are Insiders Buying Maxim Power Corp. (TSE:MXG) Stock?

New 90-day high: CA$2.24

New 90-day high: CA$2.19

Third quarter 2020 earnings released: EPS CA$0.01

New 90-day low: CA$1.83

New 90-day low - CA$1.93

Earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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