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 ratio | 1.2x |
Cash | NZ$6.71m |
Equity | NZ$66.50m |
Total liabilities | NZ$169.36m |
Total assets | NZ$235.86m |
Recent financial health updates
Is Metro Performance Glass (NZSE:MPG) A Risky Investment?
Jul 10Metro Performance Glass (NZSE:MPG) Use Of Debt Could Be Considered Risky
Sep 14Does Metro Performance Glass (NZSE:MPG) Have A Healthy Balance Sheet?
Dec 22Recent updates
Is Metro Performance Glass (NZSE:MPG) A Risky Investment?
Jul 10Returns On Capital Signal Difficult Times Ahead For Metro Performance Glass (NZSE:MPG)
May 11Metro Performance Glass (NZSE:MPG) Use Of Debt Could Be Considered Risky
Sep 14Metro Performance Glass (NZSE:MPG) Could Be Struggling To Allocate Capital
Jul 23Earnings Release: Here's Why Analysts Cut Their Metro Performance Glass Limited (NZSE:MPG) Price Target To NZ$0.44
May 31Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business
Feb 21Metro Performance Glass' (NZSE:MPG) Returns On Capital Not Reflecting Well On The Business
May 21Is Metro Performance Glass Limited (NZSE:MPG) Trading At A 43% Discount?
Apr 16Metro Performance Glass'(NZSE:MPG) Share Price Is Down 76% Over The Past Five Years.
Mar 03Is Metro Performance Glass (NZSE:MPG) Using Capital Effectively?
Jan 26Does Metro Performance Glass (NZSE:MPG) Have A Healthy Balance Sheet?
Dec 22Would Shareholders Who Purchased Metro Performance Glass' (NZSE:MPG) Stock Five Years Be Happy With The Share price Today?
Nov 17Financial 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.