Manitex International Balance Sheet Health
Financial Health criteria checks 2/6
Manitex International has a total shareholder equity of $79.7M and total debt of $91.6M, which brings its debt-to-equity ratio to 114.9%. Its total assets and total liabilities are $255.7M and $176.0M respectively. Manitex International's EBIT is $15.8M making its interest coverage ratio 2.1. It has cash and short-term investments of $9.3M.
Key information
114.9%
Debt to equity ratio
US$91.56m
Debt
Interest coverage ratio | 2.1x |
Cash | US$9.27m |
Equity | US$79.68m |
Total liabilities | US$176.05m |
Total assets | US$255.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VE8's short term assets ($145.6M) exceed its short term liabilities ($92.8M).
Long Term Liabilities: VE8's short term assets ($145.6M) exceed its long term liabilities ($83.3M).
Debt to Equity History and Analysis
Debt Level: VE8's net debt to equity ratio (103.3%) is considered high.
Reducing Debt: VE8's debt to equity ratio has increased from 76.7% to 114.9% over the past 5 years.
Debt Coverage: VE8's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: VE8's interest payments on its debt are not well covered by EBIT (2.1x coverage).