Hayleys Fabric Balance Sheet Health
Financial Health criteria checks 4/6
Hayleys Fabric has a total shareholder equity of $35.9M and total debt of $38.4M, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are $123.5M and $87.7M respectively. Hayleys Fabric's EBIT is $16.0M making its interest coverage ratio 6.3. It has cash and short-term investments of $15.0M.
Key information
107.1%
Debt to equity ratio
US$38.42m
Debt
| Interest coverage ratio | 6.3x |
| Cash | US$14.98m |
| Equity | US$35.86m |
| Total liabilities | US$87.69m |
| Total assets | US$123.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGT.N0000's short term assets ($65.7M) exceed its short term liabilities ($61.4M).
Long Term Liabilities: MGT.N0000's short term assets ($65.7M) exceed its long term liabilities ($26.3M).
Debt to Equity History and Analysis
Debt Level: MGT.N0000's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: MGT.N0000's debt to equity ratio has increased from 64.5% to 107.1% over the past 5 years.
Debt Coverage: MGT.N0000's debt is well covered by operating cash flow (25.3%).
Interest Coverage: MGT.N0000's interest payments on its debt are well covered by EBIT (6.3x coverage).