Margaritaville (Turks) Balance Sheet Health
Financial Health criteria checks 5/6
Margaritaville (Turks) has a total shareholder equity of $5.0M and total debt of $193.1K, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are $7.7M and $2.7M respectively. Margaritaville (Turks)'s EBIT is $837.2K making its interest coverage ratio 43.4. It has cash and short-term investments of $61.9K.
Key information
3.8%
Debt to equity ratio
US$193.06k
Debt
| Interest coverage ratio | 43.4x |
| Cash | US$61.86k |
| Equity | US$5.02m |
| Total liabilities | US$2.73m |
| Total assets | US$7.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTLJA's short term assets ($5.4M) exceed its short term liabilities ($2.7M).
Long Term Liabilities: MTLJA's short term assets ($5.4M) exceed its long term liabilities ($44.4K).
Debt to Equity History and Analysis
Debt Level: MTLJA's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: MTLJA's debt to equity ratio has increased from 0.3% to 3.8% over the past 5 years.
Debt Coverage: MTLJA's debt is well covered by operating cash flow (70.4%).
Interest Coverage: MTLJA's interest payments on its debt are well covered by EBIT (43.4x coverage).