Massimo Group Balance Sheet Health
Financial Health criteria checks 4/6
Massimo Group has a total shareholder equity of $18.1M and total debt of $7.9M, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are $47.3M and $29.1M respectively. Massimo Group's EBIT is $16.2M making its interest coverage ratio 32.3. It has cash and short-term investments of $207.1K.
Key information
43.6%
Debt to equity ratio
US$7.91m
Debt
Interest coverage ratio | 32.3x |
Cash | US$207.14k |
Equity | US$18.14m |
Total liabilities | US$29.13m |
Total assets | US$47.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAMO's short term assets ($43.7M) exceed its short term liabilities ($20.6M).
Long Term Liabilities: MAMO's short term assets ($43.7M) exceed its long term liabilities ($8.5M).
Debt to Equity History and Analysis
Debt Level: MAMO's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: Insufficient data to determine if MAMO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MAMO's debt is well covered by operating cash flow (120.3%).
Interest Coverage: MAMO's interest payments on its debt are well covered by EBIT (32.3x coverage).