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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 06:09 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
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Analyst Sources
Massimo Group is covered by 0 analysts. 0 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 |
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