Mayville Engineering Company Balance Sheet Health
Financial Health criteria checks 3/6
Mayville Engineering Company has a total shareholder equity of $230.0M and total debt of $150.2M, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are $496.7M and $266.7M respectively. Mayville Engineering Company's EBIT is $20.2M making its interest coverage ratio 1.8. It has cash and short-term investments of $672.0K.
Key information
65.3%
Debt to equity ratio
US$150.17m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$672.00k |
| Equity | US$229.98m |
| Total liabilities | US$266.68m |
| Total assets | US$496.66m |
Recent financial health updates
These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively
May 20
Mayville Engineering Company (NYSE:MEC) Has A Somewhat Strained Balance Sheet
Nov 01We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt
May 19Here's Why Mayville Engineering Company (NYSE:MEC) Has A Meaningful Debt Burden
Jan 21Recent updates
With Mayville Engineering Company, Inc. (NYSE:MEC) It Looks Like You'll Get What You Pay For
Jan 04Mayville Engineering: Slowing Demand Expected In All 5 Primary End Markets
Dec 23Should You Investigate Mayville Engineering Company, Inc. (NYSE:MEC) At US$10.77?
Sep 12Mayville Engineering : Value May Not Be Enough At Present
Sep 12Mayville Engineering: Engineering Growth
Jun 22Is There An Opportunity With Mayville Engineering Company, Inc.'s (NYSE:MEC) 26% Undervaluation?
Jun 22At US$13.32, Is It Time To Put Mayville Engineering Company, Inc. (NYSE:MEC) On Your Watch List?
Jun 07These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively
May 20Mayville Engineering Company (NYSE:MEC) Hasn't Managed To Accelerate Its Returns
May 05Mayville Engineering Company, Inc. (NYSE:MEC) Shares Could Be 45% Below Their Intrinsic Value Estimate
Mar 03Mayville Engineering Company: Still A Solid Prospect For Value Investors
Feb 16Market Participants Recognise Mayville Engineering Company, Inc.'s (NYSE:MEC) Earnings Pushing Shares 76% Higher
Nov 22Mayville Engineering GAAP EPS of $0.32 beats by $0.11, revenue of $136.3M beats by $8.07M
Nov 01Mayville Engineering Company (NYSE:MEC) Has A Somewhat Strained Balance Sheet
Nov 01Mayville Engineering reports Q2 mixed earnings; reiterates FY 2022 guidance
Aug 03Mayville Engineering names new CEO as Bob Kamphuis retires
Jul 20We Think Mayville Engineering Company (NYSE:MEC) Is Taking Some Risk With Its Debt
May 19Mayville Engineering Company (NYSE:MEC) Will Want To Turn Around Its Return Trends
Apr 06Bearish: Analysts Just Cut Their Mayville Engineering Company, Inc. (NYSE:MEC) Revenue and EPS estimates
Feb 12Here's Why Mayville Engineering Company (NYSE:MEC) Has A Meaningful Debt Burden
Jan 21Mayville Engineering Company: The Firm Is Cheap But It Has Some Issues
Dec 09Financial Position Analysis
Short Term Liabilities: MEC's short term assets ($134.6M) exceed its short term liabilities ($71.7M).
Long Term Liabilities: MEC's short term assets ($134.6M) do not cover its long term liabilities ($195.0M).
Debt to Equity History and Analysis
Debt Level: MEC's net debt to equity ratio (65%) is considered high.
Reducing Debt: MEC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MEC's debt is well covered by operating cash flow (26.9%).
Interest Coverage: MEC's interest payments on its debt are not well covered by EBIT (1.8x coverage).