Manitex International Balance Sheet Health
Financial Health criteria checks 2/6
Manitex International has a total shareholder equity of $86.3M and total debt of $85.3M, which brings its debt-to-equity ratio to 98.8%. Its total assets and total liabilities are $250.9M and $164.6M respectively. Manitex International's EBIT is $20.2M making its interest coverage ratio 2.6. It has cash and short-term investments of $4.2M.
Key information
98.8%
Debt to equity ratio
US$85.26m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$4.25m |
| Equity | US$86.26m |
| Total liabilities | US$164.62m |
| Total assets | US$250.88m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VE8's short term assets ($141.0M) exceed its short term liabilities ($85.8M).
Long Term Liabilities: VE8's short term assets ($141.0M) exceed its long term liabilities ($78.8M).
Debt to Equity History and Analysis
Debt Level: VE8's net debt to equity ratio (93.9%) is considered high.
Reducing Debt: VE8's debt to equity ratio has increased from 82.5% to 98.8% over the past 5 years.
Debt Coverage: VE8's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: VE8's interest payments on its debt are not well covered by EBIT (2.6x coverage).