Micropac Industries Balance Sheet Health
Financial Health criteria checks 4/6
Micropac Industries has a total shareholder equity of $35.2M and total debt of $15.6M, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are $54.3M and $19.1M respectively. Micropac Industries's EBIT is $971.0K making its interest coverage ratio -161.8. It has cash and short-term investments of $9.9M.
Key information
44.4%
Debt to equity ratio
US$15.65m
Debt
Interest coverage ratio | -161.8x |
Cash | US$9.87m |
Equity | US$35.23m |
Total liabilities | US$19.07m |
Total assets | US$54.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPAD's short term assets ($29.9M) exceed its short term liabilities ($3.9M).
Long Term Liabilities: MPAD's short term assets ($29.9M) exceed its long term liabilities ($15.2M).
Debt to Equity History and Analysis
Debt Level: MPAD's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: MPAD's debt to equity ratio has increased from 0% to 44.4% over the past 5 years.
Debt Coverage: MPAD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MPAD earns more interest than it pays, so coverage of interest payments is not a concern.