Magnis Energy Technologies Balance Sheet Health
Financial Health criteria checks 1/6
Magnis Energy Technologies has a total shareholder equity of A$2.4M and total debt of A$4.6M, which brings its debt-to-equity ratio to 195.2%. Its total assets and total liabilities are A$14.9M and A$12.5M respectively. Magnis Energy Technologies's EBIT is A$1.6M making its interest coverage ratio 0.1. It has cash and short-term investments of A$737.0K.
Key information
195.2%
Debt to equity ratio
AU$4.60m
Debt
Interest coverage ratio | 0.05x |
Cash | AU$737.00k |
Equity | AU$2.36m |
Total liabilities | AU$12.54m |
Total assets | AU$14.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNSE.F's short term assets (A$2.4M) do not cover its short term liabilities (A$11.9M).
Long Term Liabilities: MNSE.F's short term assets (A$2.4M) exceed its long term liabilities (A$594.4K).
Debt to Equity History and Analysis
Debt Level: MNSE.F's net debt to equity ratio (164%) is considered high.
Reducing Debt: MNSE.F's debt to equity ratio has increased from 0% to 195.2% over the past 5 years.
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: MNSE.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MNSE.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.1% each year