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Magnet Forensics Balance Sheet Health
Financial Health criteria checks 5/6
Key information
1.3%
Debt to equity ratio
US$1.31m
Debt
| Interest coverage ratio | -13.3x |
| Cash | US$146.81m |
| Equity | US$101.72m |
| Total liabilities | US$89.93m |
| Total assets | US$191.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAGT.F's short term assets ($170.4M) exceed its short term liabilities ($74.5M).
Long Term Liabilities: MAGT.F's short term assets ($170.4M) exceed its long term liabilities ($15.4M).
Debt to Equity History and Analysis
Debt Level: MAGT.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MAGT.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MAGT.F's debt is well covered by operating cash flow (2602%).
Interest Coverage: MAGT.F earns more interest than it pays, so coverage of interest payments is not a concern.