Margaritaville (Turks) Balance Sheet Health
Financial Health criteria checks 5/6
Margaritaville (Turks) has a total shareholder equity of $4.5M and total debt of $234.0K, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are $6.5M and $2.0M respectively. Margaritaville (Turks)'s EBIT is $234.8K making its interest coverage ratio 10.6. It has cash and short-term investments of $111.6K.
Key information
5.2%
Debt to equity ratio
US$234.04k
Debt
| Interest coverage ratio | 10.6x |
| Cash | US$111.56k |
| Equity | US$4.50m |
| Total liabilities | US$2.01m |
| Total assets | US$6.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTL's short term assets ($4.1M) exceed its short term liabilities ($1.9M).
Long Term Liabilities: MTL's short term assets ($4.1M) exceed its long term liabilities ($134.0K).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: MTL's debt to equity ratio has increased from 0% to 5.2% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (54.5%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (10.6x coverage).