Maxim Power Balance Sheet Health

Financial Health criteria checks 5/6

Maxim Power has a total shareholder equity of CA$308.8M and total debt of CA$80.3M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are CA$434.2M and CA$125.4M respectively. Maxim Power's EBIT is CA$15.3M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$87.6M.

Key information

26.0%

Debt to equity ratio

CA$80.34m

Debt

Interest coverage ratio3.2x
CashCA$87.56m
EquityCA$308.78m
Total liabilitiesCA$125.42m
Total assetsCA$434.20m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MP9's short term assets (CA$104.6M) exceed its short term liabilities (CA$23.6M).

Long Term Liabilities: MP9's short term assets (CA$104.6M) exceed its long term liabilities (CA$101.8M).


Debt to Equity History and Analysis

Debt Level: MP9 has more cash than its total debt.

Reducing Debt: MP9's debt to equity ratio has increased from 0% to 26% over the past 5 years.

Debt Coverage: MP9's debt is well covered by operating cash flow (90.8%).

Interest Coverage: MP9's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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