My Food Bag Group Balance Sheet Health
Financial Health criteria checks 4/6
My Food Bag Group has a total shareholder equity of NZ$66.6M and total debt of NZ$11.5M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are NZ$105.5M and NZ$38.9M respectively. My Food Bag Group's EBIT is NZ$10.9M making its interest coverage ratio 6.3. It has cash and short-term investments of NZ$1.8M.
Key information
17.2%
Debt to equity ratio
NZ$11.46m
Debt
| Interest coverage ratio | 6.3x |
| Cash | NZ$1.76m |
| Equity | NZ$66.59m |
| Total liabilities | NZ$38.94m |
| Total assets | NZ$105.52m |
Recent financial health updates
Recent updates
My Food Bag Group Limited's (NZSE:MFB) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Aug 13
Calculating The Fair Value Of My Food Bag Group Limited (NZSE:MFB)
Jul 25Here's What To Make Of My Food Bag Group's (NZSE:MFB) Decelerating Rates Of Return
Jul 03Market Might Still Lack Some Conviction On My Food Bag Group Limited (NZSE:MFB) Even After 26% Share Price Boost
Jun 05Some Investors May Be Worried About My Food Bag Group's (NZSE:MFB) Returns On Capital
Feb 15Investors 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$4.0M) do not cover its short term liabilities (NZ$17.3M).
Long Term Liabilities: MFB's short term assets (NZ$4.0M) do not cover its long term liabilities (NZ$21.6M).
Debt to Equity History and Analysis
Debt Level: MFB's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: MFB's debt to equity ratio has reduced from 29.8% to 17.2% over the past 5 years.
Debt Coverage: MFB's debt is well covered by operating cash flow (97.1%).
Interest Coverage: MFB's interest payments on its debt are well covered by EBIT (6.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 03:22 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
My Food Bag Group Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bei Margaret | Forsyth Barr Group Ltd. |
| Andrew Steele | Jarden Limited |
| Guy Edward Hooper | Jarden Limited |