MPICO Balance Sheet Health
Financial Health criteria checks 5/6
MPICO has a total shareholder equity of MWK80.7B and total debt of MWK6.7B, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are MWK98.9B and MWK18.2B respectively. MPICO's EBIT is MWK1.9B making its interest coverage ratio -10.5. It has cash and short-term investments of MWK379.3M.
Key information
8.3%
Debt to equity ratio
MK6.70b
Debt
Interest coverage ratio | -10.5x |
Cash | MK379.35m |
Equity | MK80.68b |
Total liabilities | MK18.23b |
Total assets | MK98.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPICO's short term assets (MWK13.3B) exceed its short term liabilities (MWK6.7B).
Long Term Liabilities: MPICO's short term assets (MWK13.3B) exceed its long term liabilities (MWK11.5B).
Debt to Equity History and Analysis
Debt Level: MPICO's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: MPICO's debt to equity ratio has reduced from 13.2% to 8.3% over the past 5 years.
Debt Coverage: MPICO's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: MPICO earns more interest than it pays, so coverage of interest payments is not a concern.