Matrix Service Balance Sheet Health
Financial Health criteria checks 6/6
Matrix Service has a total shareholder equity of $165.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $440.0M and $274.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$69.66m |
Equity | US$165.80m |
Total liabilities | US$274.20m |
Total assets | US$440.01m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MX2's short term assets ($293.2M) exceed its short term liabilities ($252.2M).
Long Term Liabilities: MX2's short term assets ($293.2M) exceed its long term liabilities ($22.0M).
Debt to Equity History and Analysis
Debt Level: MX2 is debt free.
Reducing Debt: MX2 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MX2 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MX2 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 41.4% per year.