Mistras Group Balance Sheet Health
Financial Health criteria checks 2/6
Mistras Group has a total shareholder equity of $187.5M and total debt of $198.4M, which brings its debt-to-equity ratio to 105.8%. Its total assets and total liabilities are $542.1M and $354.7M respectively. Mistras Group's EBIT is $32.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $16.9M.
Key information
105.8%
Debt to equity ratio
US$198.43m
Debt
Interest coverage ratio | 1.9x |
Cash | US$16.86m |
Equity | US$187.47m |
Total liabilities | US$354.66m |
Total assets | US$542.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIY's short term assets ($187.0M) exceed its short term liabilities ($114.9M).
Long Term Liabilities: MIY's short term assets ($187.0M) do not cover its long term liabilities ($239.8M).
Debt to Equity History and Analysis
Debt Level: MIY's net debt to equity ratio (96.9%) is considered high.
Reducing Debt: MIY's debt to equity ratio has reduced from 106.9% to 105.8% over the past 5 years.
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: Insufficient data to determine if MIY has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MIY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.