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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 02:23 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Manitex International, Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristine Kubacki | Avondale Partners |
| Amit Dayal | Benchmark Company |
| Michael Shlisky | Colliers Securities |