Mayville Engineering Company Balance Sheet Health
Financial Health criteria checks 2/6
Mayville Engineering Company has a total shareholder equity of $238.1M and total debt of $124.4M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are $488.2M and $250.1M respectively. Mayville Engineering Company's EBIT is $26.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $314.0K.
Key information
52.3%
Debt to equity ratio
US$124.44m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$314.00k |
| Equity | US$238.08m |
| Total liabilities | US$250.07m |
| Total assets | US$488.15m |
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
After 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 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 12Financial Position Analysis
Short Term Liabilities: MEC's short term assets ($140.2M) exceed its short term liabilities ($81.8M).
Long Term Liabilities: MEC's short term assets ($140.2M) do not cover its long term liabilities ($168.2M).
Debt to Equity History and Analysis
Debt Level: MEC's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: MEC's debt to equity ratio has increased from 46.6% to 52.3% over the past 5 years.
Debt Coverage: MEC's debt is well covered by operating cash flow (64.4%).
Interest Coverage: MEC's interest payments on its debt are not well covered by EBIT (1.9x coverage).