This company has been acquired
MiX Telematics Balance Sheet Health
Financial Health criteria checks 5/6
MiX Telematics has a total shareholder equity of $108.0M and total debt of $21.1M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are $181.5M and $73.5M respectively. MiX Telematics's EBIT is $14.8M making its interest coverage ratio 12.8. It has cash and short-term investments of $25.6M.
Key information
19.6%
Debt to equity ratio
US$21.14m
Debt
| Interest coverage ratio | 12.8x |
| Cash | US$25.55m |
| Equity | US$108.02m |
| Total liabilities | US$73.51m |
| Total assets | US$181.52m |
Recent financial health updates
Recent updates
MiX Telematics Seeks Merger With PowerFleet Amid Challenged Growth
Dec 26MiX Telematics Contends With Slow Sales Cycles As Macro Headwinds Remain
Sep 28MiX Telematics: AI, Low Valuation, Pristine Balance Sheet, Growth, Dividend
Jul 18MiX Telematics Results Flatten As Headwinds Mount
Jun 23MiX Telematics Non-GAAP EPS of $0.04, revenue of $37.8M
Jan 26MiX Telematics goes ex-dividend tomorrow
Nov 16MiX Telematics Offers A Solid Risk/Reward Ratio Here
Oct 22MiX Telematics wins a 5-year contract in Australia
Aug 31MiX Telematics to acquire Trimble's field service management business
Aug 25MiX Telematics goes ex dividend tomorrow
Aug 17MiX Telematics GAAP EPS of $0.00 misses by $0.08, revenue of $35.1M misses by $0.91M
Jul 28MiX Telematics: Dividend May Come Under Pressure Shortly
May 10MiX Telematics Showing Continued Strength Of Their Solutions
Aug 12Financial Position Analysis
Short Term Liabilities: MIXT's short term assets ($69.2M) exceed its short term liabilities ($56.7M).
Long Term Liabilities: MIXT's short term assets ($69.2M) exceed its long term liabilities ($16.8M).
Debt to Equity History and Analysis
Debt Level: MIXT has more cash than its total debt.
Reducing Debt: MIXT's debt to equity ratio has increased from 1.9% to 19.6% over the past 5 years.
Debt Coverage: MIXT's debt is well covered by operating cash flow (107.3%).
Interest Coverage: MIXT's interest payments on its debt are well covered by EBIT (12.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/26 17:00 |
| End of Day Share Price | 2024/03/26 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PowerFleet, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Walkley | Canaccord Genuity |
| Howard Smith | First Analysis Securities Corporation |
| Michael Rindos | Midtown Partners & Co |