Micropac Industries Balance Sheet Health
Financial Health criteria checks 4/6
Micropac Industries has a total shareholder equity of $39.2M and total debt of $15.4M, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are $58.3M and $19.1M respectively. Micropac Industries's EBIT is $5.2M making its interest coverage ratio -35.4. It has cash and short-term investments of $11.2M.
Key information
39.4%
Debt to equity ratio
US$15.45m
Debt
| Interest coverage ratio | -35.4x |
| Cash | US$11.22m |
| Equity | US$39.24m |
| Total liabilities | US$19.08m |
| Total assets | US$58.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPAD's short term assets ($34.2M) exceed its short term liabilities ($4.1M).
Long Term Liabilities: MPAD's short term assets ($34.2M) exceed its long term liabilities ($15.0M).
Debt to Equity History and Analysis
Debt Level: MPAD's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: MPAD's debt to equity ratio has increased from 0% to 39.4% over the past 5 years.
Debt Coverage: MPAD's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: MPAD earns more interest than it pays, so coverage of interest payments is not a concern.