Mainfreight Balance Sheet Health
Financial Health criteria checks 5/6
Mainfreight has a total shareholder equity of NZ$1.9B and total debt of NZ$196.7M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are NZ$4.0B and NZ$2.1B respectively. Mainfreight's EBIT is NZ$773.9M making its interest coverage ratio 17.2. It has cash and short-term investments of NZ$147.9M.
Key information
10.5%
Debt to equity ratio
NZ$196.68m
Debt
| Interest coverage ratio | 17.2x |
| Cash | NZ$147.95m |
| Equity | NZ$1.87b |
| Total liabilities | NZ$2.09b |
| Total assets | NZ$3.96b |
Recent financial health updates
Is Mainfreight (NZSE:MFT) Using Too Much Debt?
Jul 11
Is Mainfreight (NZSE:MFT) A Risky Investment?
Jan 26Mainfreight (NZSE:MFT) Has A Rock Solid Balance Sheet
Jun 28Mainfreight (NZSE:MFT) Seems To Use Debt Rather Sparingly
Mar 09Mainfreight (NZSE:MFT) Has A Rock Solid Balance Sheet
Jul 26Recent updates
Investors Should Be Encouraged By Mainfreight's (NZSE:MFT) Returns On Capital
Nov 12Estimating The Fair Value Of Mainfreight Limited (NZSE:MFT)
Oct 25Mainfreight Limited (NZSE:MFT) Not Lagging Market On Growth Or Pricing
Sep 10Returns On Capital Are A Standout For Mainfreight (NZSE:MFT)
Jul 25Is Mainfreight (NZSE:MFT) Using Too Much Debt?
Jul 11Calculating The Fair Value Of Mainfreight Limited (NZSE:MFT)
Jun 19Mainfreight's (NZSE:MFT) Soft Earnings Are Actually Better Than They Appear
Jun 04Investor Optimism Abounds Mainfreight Limited (NZSE:MFT) But Growth Is Lacking
Apr 22Here's What To Make Of Mainfreight's (NZSE:MFT) Decelerating Rates Of Return
Feb 12Is Mainfreight (NZSE:MFT) A Risky Investment?
Jan 26With EPS Growth And More, Mainfreight (NZSE:MFT) Makes An Interesting Case
Oct 20Mainfreight (NZSE:MFT) Could Become A Multi-Bagger
Sep 19Here's Why We Think Mainfreight (NZSE:MFT) Might Deserve Your Attention Today
Jul 20Mainfreight (NZSE:MFT) Has A Rock Solid Balance Sheet
Jun 28Mainfreight (NZSE:MFT) Has Announced A Dividend Of NZ$1.02
May 28An Intrinsic Calculation For Mainfreight Limited (NZSE:MFT) Suggests It's 26% Undervalued
Apr 17If EPS Growth Is Important To You, Mainfreight (NZSE:MFT) Presents An Opportunity
Apr 04Mainfreight (NZSE:MFT) Seems To Use Debt Rather Sparingly
Mar 09The Trend Of High Returns At Mainfreight (NZSE:MFT) Has Us Very Interested
Feb 09Here's Why We Think Mainfreight (NZSE:MFT) Is Well Worth Watching
Nov 23Returns on Capital Paint A Bright Future For Mainfreight (NZSE:MFT)
Nov 10An Intrinsic Calculation For Mainfreight Limited (NZSE:MFT) Suggests It's 29% Undervalued
Sep 13With EPS Growth And More, Mainfreight (NZSE:MFT) Makes An Interesting Case
Aug 19Returns on Capital Paint A Bright Future For Mainfreight (NZSE:MFT)
Aug 07Mainfreight (NZSE:MFT) Has A Rock Solid Balance Sheet
Jul 26Is There An Opportunity With Mainfreight Limited's (NZSE:MFT) 27% Undervaluation?
Jun 13Should You Be Adding Mainfreight (NZSE:MFT) To Your Watchlist Today?
May 06Mainfreight (NZSE:MFT) Is Experiencing Growth In Returns On Capital
Mar 16Do Mainfreight's (NZSE:MFT) Earnings Warrant Your Attention?
Jan 29Mainfreight's (NZSE:MFT) Returns On Capital Are Heading Higher
Nov 29Calculating The Fair Value Of Mainfreight Limited (NZSE:MFT)
Sep 10If You Like EPS Growth Then Check Out Mainfreight (NZSE:MFT) Before It's Too Late
Aug 29Return Trends At Mainfreight (NZSE:MFT) Aren't Appealing
Aug 17Analysts Just Made A Significant Upgrade To Their Mainfreight Limited (NZSE:MFT) Forecasts
Aug 01Shareholders May Not Be So Generous With Mainfreight Limited's (NZSE:MFT) CEO Compensation And Here's Why
Jul 22Financial Position Analysis
Short Term Liabilities: MFT's short term assets (NZ$939.2M) exceed its short term liabilities (NZ$820.7M).
Long Term Liabilities: MFT's short term assets (NZ$939.2M) do not cover its long term liabilities (NZ$1.3B).
Debt to Equity History and Analysis
Debt Level: MFT's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: MFT's debt to equity ratio has reduced from 32.1% to 10.5% over the past 5 years.
Debt Coverage: MFT's debt is well covered by operating cash flow (259.2%).
Interest Coverage: MFT's interest payments on its debt are well covered by EBIT (17.2x coverage).