Metro Performance Glass Limited

NZSE:MPG Stock Report

Market Cap: NZ$18.9m

Metro Performance Glass Balance Sheet Health

Financial Health criteria checks 3/6

Metro Performance Glass has a total shareholder equity of NZ$66.5M and total debt of NZ$59.5M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are NZ$235.9M and NZ$169.4M respectively. Metro Performance Glass's EBIT is NZ$12.9M making its interest coverage ratio 1.2. It has cash and short-term investments of NZ$6.7M.

Key information

89.5%

Debt to equity ratio

NZ$59.49m

Debt

Interest coverage ratio1.2x
CashNZ$6.71m
EquityNZ$66.50m
Total liabilitiesNZ$169.36m
Total assetsNZ$235.86m

Recent financial health updates

Recent updates

Is Metro Performance Glass (NZSE:MPG) A Risky Investment?

Jul 10
Is Metro Performance Glass (NZSE:MPG) A Risky Investment?

Returns On Capital Signal Difficult Times Ahead For Metro Performance Glass (NZSE:MPG)

May 11
Returns On Capital Signal Difficult Times Ahead For Metro Performance Glass (NZSE:MPG)

Metro Performance Glass (NZSE:MPG) Use Of Debt Could Be Considered Risky

Sep 14
Metro Performance Glass (NZSE:MPG) Use Of Debt Could Be Considered Risky

Metro Performance Glass (NZSE:MPG) Could Be Struggling To Allocate Capital

Jul 23
Metro Performance Glass (NZSE:MPG) Could Be Struggling To Allocate Capital

Earnings Release: Here's Why Analysts Cut Their Metro Performance Glass Limited (NZSE:MPG) Price Target To NZ$0.44

May 31
Earnings Release: Here's Why Analysts Cut Their Metro Performance Glass Limited (NZSE:MPG) Price Target To NZ$0.44

Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business

Feb 21
Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business

Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business

May 21
Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business

Is Metro Performance Glass Limited (NZSE:MPG) Trading At A 43% Discount?

Apr 16
Is Metro Performance Glass Limited (NZSE:MPG) Trading At A 43% Discount?

Metro Performance Glass'(NZSE:MPG) Share Price Is Down 76% Over The Past Five Years.

Mar 03
Metro Performance Glass'(NZSE:MPG) Share Price Is Down 76% Over The Past Five Years.

Is Metro Performance Glass (NZSE:MPG) Using Capital Effectively?

Jan 26
Is Metro Performance Glass (NZSE:MPG) Using Capital Effectively?

Does Metro Performance Glass (NZSE:MPG) Have A Healthy Balance Sheet?

Dec 22
Does Metro Performance Glass (NZSE:MPG) Have A Healthy Balance Sheet?

Would Shareholders Who Purchased Metro Performance Glass' (NZSE:MPG) Stock Five Years Be Happy With The Share price Today?

Nov 17
Would Shareholders Who Purchased Metro Performance Glass' (NZSE:MPG) Stock Five Years Be Happy With The Share price Today?

Financial Position Analysis

Short Term Liabilities: MPG's short term assets (NZ$76.0M) exceed its short term liabilities (NZ$38.1M).

Long Term Liabilities: MPG's short term assets (NZ$76.0M) do not cover its long term liabilities (NZ$131.3M).


Debt to Equity History and Analysis

Debt Level: MPG's net debt to equity ratio (79.4%) is considered high.

Reducing Debt: MPG's debt to equity ratio has increased from 60.1% to 89.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MPG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MPG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.9% per year.


Discover healthy companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.