Midwest Holding Balance Sheet Health
Financial Health criteria checks 5/6
Midwest Holding has a total shareholder equity of $22.0M and total debt of $25.0M, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are $2.6B and $2.6B respectively. Midwest Holding's EBIT is $16.7M making its interest coverage ratio 11. It has cash and short-term investments of $197.8M.
Key information
113.9%
Debt to equity ratio
US$25.00m
Debt
| Interest coverage ratio | 11x |
| Cash | US$197.80m |
| Equity | US$21.95m |
| Total liabilities | US$2.60b |
| Total assets | US$2.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MDWT's short term assets ($297.0M) exceed its short term liabilities ($71.3M).
Long Term Liabilities: MDWT's short term assets ($297.0M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: MDWT has more cash than its total debt.
Reducing Debt: MDWT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MDWT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MDWT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.3% per year.