Mayville Engineering Company Balance Sheet Health
Financial Health criteria checks 2/6
Mayville Engineering Company has a total shareholder equity of $238.1M and total debt of $124.4M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are $488.2M and $250.1M respectively. Mayville Engineering Company's EBIT is $26.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $314.0K.
Key information
52.3%
Debt to equity ratio
US$124.44m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$314.00k |
| Equity | US$238.08m |
| Total liabilities | US$250.07m |
| Total assets | US$488.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2YN's short term assets ($140.2M) exceed its short term liabilities ($81.8M).
Long Term Liabilities: 2YN's short term assets ($140.2M) do not cover its long term liabilities ($168.2M).
Debt to Equity History and Analysis
Debt Level: 2YN's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: 2YN's debt to equity ratio has increased from 46.6% to 52.3% over the past 5 years.
Debt Coverage: 2YN's debt is well covered by operating cash flow (64.4%).
Interest Coverage: 2YN's interest payments on its debt are not well covered by EBIT (1.9x coverage).