MiX Telematics Balance Sheet Health
Financial Health criteria checks 5/6
MiX Telematics has a total shareholder equity of $108.8M and total debt of $15.3M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are $176.6M and $67.7M respectively. MiX Telematics's EBIT is $11.6M making its interest coverage ratio 40.3. It has cash and short-term investments of $29.9M.
Key information
14.0%
Debt to equity ratio
US$15.25m
Debt
Interest coverage ratio | 40.3x |
Cash | US$29.88m |
Equity | US$108.82m |
Total liabilities | US$67.75m |
Total assets | US$176.56m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIXT N's short term assets ($69.7M) exceed its short term liabilities ($52.0M).
Long Term Liabilities: MIXT N's short term assets ($69.7M) exceed its long term liabilities ($15.7M).
Debt to Equity History and Analysis
Debt Level: MIXT N has more cash than its total debt.
Reducing Debt: MIXT N's debt to equity ratio has increased from 1.2% to 14% over the past 5 years.
Debt Coverage: MIXT N's debt is well covered by operating cash flow (143.9%).
Interest Coverage: MIXT N's interest payments on its debt are well covered by EBIT (40.3x coverage).