Mayville Engineering Company Balance Sheet Health
Financial Health criteria checks 2/6
Mayville Engineering Company has a total shareholder equity of $238.4M and total debt of $113.4M, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are $466.0M and $227.6M respectively. Mayville Engineering Company's EBIT is $24.8M making its interest coverage ratio 2. It has cash and short-term investments of $178.0K.
Key information
47.6%
Debt to equity ratio
US$113.42m
Debt
| Interest coverage ratio | 2x |
| Cash | US$178.00k |
| Equity | US$238.36m |
| Total liabilities | US$227.65m |
| Total assets | US$466.00m |
Recent financial health updates
Does Mayville Engineering Company (NYSE:MEC) Have A Healthy Balance Sheet?
Aug 06
These 4 Measures Indicate That Mayville Engineering Company (NYSE:MEC) Is Using Debt Extensively
May 20Mayville 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 19Recent updates
Mayville Engineering: Demand Shock Resulting In Significant Cost Reductions
Nov 30Need To Know: The Consensus Just Cut Its Mayville Engineering Company, Inc. (NYSE:MEC) Estimates For 2025
Nov 14After Surging, Mayville Engineering Company Deserves More Upside
Aug 19Does Mayville Engineering Company (NYSE:MEC) Have A Healthy Balance Sheet?
Aug 06What You Can Learn From Mayville Engineering Company, Inc.'s (NYSE:MEC) P/E
Jul 16Mayville Engineering Company: As Mr. Market Becomes More Bearish, I Become More Bullish
May 06With 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 19Financial Position Analysis
Short Term Liabilities: MEC's short term assets ($126.3M) exceed its short term liabilities ($71.4M).
Long Term Liabilities: MEC's short term assets ($126.3M) do not cover its long term liabilities ($156.3M).
Debt to Equity History and Analysis
Debt Level: MEC's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: MEC's debt to equity ratio has increased from 43.1% to 47.6% over the past 5 years.
Debt Coverage: MEC's debt is well covered by operating cash flow (69.2%).
Interest Coverage: MEC's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:59 |
| End of Day Share Price | 2024/12/26 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mayville Engineering Company, Inc. is covered by 5 analysts. 3 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 |
|---|---|
| Andrew Kaplowitz | Citigroup Inc |
| Stephen Volkmann | Jefferies LLC |
| Edward Jackson | Northland Capital Markets |