My Food Bag Group Balance Sheet Health
Financial Health criteria checks 4/6
My Food Bag Group has a total shareholder equity of NZ$60.8M and total debt of NZ$14.3M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are NZ$107.6M and NZ$46.9M respectively. My Food Bag Group's EBIT is NZ$8.1M making its interest coverage ratio 4.5. It has cash and short-term investments of NZ$152.0K.
Key information
23.5%
Debt to equity ratio
NZ$14.27m
Debt
| Interest coverage ratio | 4.5x |
| Cash | NZ$152.00k |
| Equity | NZ$60.76m |
| Total liabilities | NZ$46.88m |
| Total assets | NZ$107.64m |
Recent financial health updates
Recent updates
Some Investors May Be Worried About My Food Bag Group's (NZSE:MFB) Returns On Capital
Feb 15
Investors Still Aren't Entirely Convinced By My Food Bag Group Limited's (NZSE:MFB) Earnings Despite 27% Price Jump
Dec 31Investors Will Want My Food Bag Group's (NZSE:MFB) Growth In ROCE To Persist
Oct 30The Return Trends At My Food Bag Group (NZSE:MFB) Look Promising
Jul 05My Food Bag Group Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 23We Like My Food Bag Group's (NZSE:MFB) Returns And Here's How They're Trending
Apr 11My Food Bag Group's (NZSE:MFB) Conservative Accounting Might Explain Soft Earnings
Nov 27Financial Position Analysis
Short Term Liabilities: MFB's short term assets (NZ$4.3M) do not cover its short term liabilities (NZ$21.8M).
Long Term Liabilities: MFB's short term assets (NZ$4.3M) do not cover its long term liabilities (NZ$25.1M).
Debt to Equity History and Analysis
Debt Level: MFB's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: MFB's debt to equity ratio has reduced from 32.8% to 23.5% over the past 5 years.
Debt Coverage: MFB's debt is well covered by operating cash flow (64.5%).
Interest Coverage: MFB's interest payments on its debt are well covered by EBIT (4.5x coverage).