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 ratio | 3.2x |
| Cash | CA$87.56m |
| Equity | CA$308.78m |
| Total liabilities | CA$125.42m |
| Total assets | CA$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).