Mainfreight Balance Sheet Health
Financial Health criteria checks 6/6
Mainfreight has a total shareholder equity of NZ$1.8B and total debt of NZ$181.0M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are NZ$3.5B and NZ$1.7B respectively. Mainfreight's EBIT is NZ$512.5M making its interest coverage ratio 19.7. It has cash and short-term investments of NZ$234.5M.
Key information
10.1%
Debt to equity ratio
NZ$181.01m
Debt
| Interest coverage ratio | 19.7x |
| Cash | NZ$234.55m |
| Equity | NZ$1.79b |
| Total liabilities | NZ$1.71b |
| Total assets | NZ$3.49b |
Recent financial health updates
Is Mainfreight (NZSE:MFT) A Risky Investment?
Jan 26
Mainfreight (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 26Does Mainfreight (NZSE:MFT) Have A Healthy Balance Sheet?
Jun 28We Think Mainfreight (NZSE:MFT) Can Stay On Top Of Its Debt
Feb 16
Recent updates
Investor 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 22Does Mainfreight (NZSE:MFT) Have A Healthy Balance Sheet?
Jun 28Mainfreight Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next
May 28Is Mainfreight Limited (NZSE:MFT) Trading At A 48% Discount?
May 21If You Like EPS Growth Then Check Out Mainfreight (NZSE:MFT) Before It's Too Late
May 03Mainfreight (NZSE:MFT) Hasn't Managed To Accelerate Its Returns
Apr 07Is Mainfreight Limited (NZSE:MFT) Popular Amongst Insiders?
Mar 12Shareholders of Mainfreight (NZSE:MFT) Must Be Delighted With Their 385% Total Return
Feb 28We Think Mainfreight (NZSE:MFT) Can Stay On Top Of Its Debt
Feb 16What We Learned About Mainfreight's (NZSE:MFT) CEO Compensation
Feb 04Mainfreight Limited's (NZSE:MFT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Jan 23Is Now The Time To Put Mainfreight (NZSE:MFT) On Your Watchlist?
Jan 12The Trends At Mainfreight (NZSE:MFT) That You Should Know About
Dec 31Who Has Been Selling Mainfreight Limited (NZSE:MFT) Shares?
Dec 19Financial Position Analysis
Short Term Liabilities: MFT's short term assets (NZ$938.7M) exceed its short term liabilities (NZ$798.7M).
Long Term Liabilities: MFT's short term assets (NZ$938.7M) exceed its long term liabilities (NZ$907.8M).
Debt to Equity History and Analysis
Debt Level: MFT has more cash than its total debt.
Reducing Debt: MFT's debt to equity ratio has reduced from 36.8% to 10.1% over the past 5 years.
Debt Coverage: MFT's debt is well covered by operating cash flow (360.5%).
Interest Coverage: MFT's interest payments on its debt are well covered by EBIT (19.7x coverage).