Mpact Balance Sheet Health
Financial Health criteria checks 5/6
Mpact has a total shareholder equity of ZAR5.5B and total debt of ZAR3.3B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are ZAR11.6B and ZAR6.2B respectively. Mpact's EBIT is ZAR1.2B making its interest coverage ratio 4.3. It has cash and short-term investments of ZAR882.1M.
Key information
60.8%
Debt to equity ratio
R3.32b
Debt
Interest coverage ratio | 4.3x |
Cash | R882.10m |
Equity | R5.47b |
Total liabilities | R6.17b |
Total assets | R11.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MPT's short term assets (ZAR6.1B) exceed its short term liabilities (ZAR2.4B).
Long Term Liabilities: MPT's short term assets (ZAR6.1B) exceed its long term liabilities (ZAR3.8B).
Debt to Equity History and Analysis
Debt Level: MPT's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: MPT's debt to equity ratio has reduced from 62.5% to 60.8% over the past 5 years.
Debt Coverage: MPT's debt is well covered by operating cash flow (54%).
Interest Coverage: MPT's interest payments on its debt are well covered by EBIT (4.3x coverage).