Massimo Group Balance Sheet Health
Financial Health criteria checks 5/6
Massimo Group has a total shareholder equity of $22.5M and total debt of $6.4M, which brings its debt-to-equity ratio to 28.5%. Its total assets and total liabilities are $57.1M and $34.5M respectively. Massimo Group's EBIT is $12.6M making its interest coverage ratio 42.8. It has cash and short-term investments of $1.7M.
Key information
28.5%
Debt to equity ratio
US$6.42m
Debt
| Interest coverage ratio | 42.8x |
| Cash | US$1.72m |
| Equity | US$22.54m |
| Total liabilities | US$34.51m |
| Total assets | US$57.05m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MAMO's short term assets ($45.1M) exceed its short term liabilities ($26.3M).
Long Term Liabilities: MAMO's short term assets ($45.1M) exceed its long term liabilities ($8.2M).
Debt to Equity History and Analysis
Debt Level: MAMO's net debt to equity ratio (20.8%) is considered satisfactory.
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 (42.7%).
Interest Coverage: MAMO's interest payments on its debt are well covered by EBIT (42.8x coverage).