McRae Industries Balance Sheet Health
Financial Health criteria checks 6/6
McRae Industries has a total shareholder equity of $89.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $97.8M and $8.0M respectively. McRae Industries's EBIT is $9.5M making its interest coverage ratio -114.4. It has cash and short-term investments of $48.5M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -114.4x |
Cash | US$48.52m |
Equity | US$89.77m |
Total liabilities | US$8.01m |
Total assets | US$97.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCRA.B's short term assets ($85.2M) exceed its short term liabilities ($6.2M).
Long Term Liabilities: MCRA.B's short term assets ($85.2M) exceed its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: MCRA.B is debt free.
Reducing Debt: MCRA.B has not had any debt for past 5 years.
Debt Coverage: MCRA.B has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MCRA.B has no debt, therefore coverage of interest payments is not a concern.