Midwest Holding Balance Sheet Health

Financial Health criteria checks 5/6

Midwest Holding has a total shareholder equity of $22.0M and total debt of $25.0M, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are $2.6B and $2.6B respectively. Midwest Holding's EBIT is $16.7M making its interest coverage ratio 11. It has cash and short-term investments of $197.8M.

Key information

113.9%

Debt to equity ratio

US$25.00m

Debt

Interest coverage ratio11x
CashUS$197.80m
EquityUS$21.95m
Total liabilitiesUS$2.60b
Total assetsUS$2.62b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 6YV's short term assets ($297.0M) exceed its short term liabilities ($71.3M).

Long Term Liabilities: 6YV's short term assets ($297.0M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: 6YV has more cash than its total debt.

Reducing Debt: 6YV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 6YV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 6YV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.3% per year.


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