McRae Industries Balance Sheet Health
Financial Health criteria checks 6/6
McRae Industries has a total shareholder equity of $97.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $106.5M and $9.5M respectively. McRae Industries's EBIT is $12.8M making its interest coverage ratio -25.8. It has cash and short-term investments of $38.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -25.8x |
| Cash | US$38.07m |
| Equity | US$97.07m |
| Total liabilities | US$9.48m |
| Total assets | US$106.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCRA.A's short term assets ($82.5M) exceed its short term liabilities ($7.5M).
Long Term Liabilities: MCRA.A's short term assets ($82.5M) exceed its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: MCRA.A is debt free.
Reducing Debt: MCRA.A has not had any debt for past 5 years.
Debt Coverage: MCRA.A has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MCRA.A has no debt, therefore coverage of interest payments is not a concern.