Midway Balance Sheet Health
Financial Health criteria checks 6/6
Midway has a total shareholder equity of A$146.4M and total debt of A$932.0K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are A$217.4M and A$71.0M respectively. Midway's EBIT is A$3.0M making its interest coverage ratio -16. It has cash and short-term investments of A$24.9M.
Key information
0.6%
Debt to equity ratio
AU$932.00k
Debt
| Interest coverage ratio | -16x |
| Cash | AU$24.86m |
| Equity | AU$146.40m |
| Total liabilities | AU$71.04m |
| Total assets | AU$217.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MI6's short term assets (A$117.8M) exceed its short term liabilities (A$32.3M).
Long Term Liabilities: MI6's short term assets (A$117.8M) exceed its long term liabilities (A$38.7M).
Debt to Equity History and Analysis
Debt Level: MI6 has more cash than its total debt.
Reducing Debt: MI6's debt to equity ratio has reduced from 24.2% to 0.6% over the past 5 years.
Debt Coverage: MI6's debt is well covered by operating cash flow (2056.9%).
Interest Coverage: MI6 earns more interest than it pays, so coverage of interest payments is not a concern.