Metrofile Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Metrofile Holdings has a total shareholder equity of ZAR571.6M and total debt of ZAR578.7M, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are ZAR1.5B and ZAR967.6M respectively. Metrofile Holdings's EBIT is ZAR248.1M making its interest coverage ratio 3.9. It has cash and short-term investments of ZAR71.5M.
Key information
101.2%
Debt to equity ratio
R578.70m
Debt
Interest coverage ratio | 3.9x |
Cash | R71.54m |
Equity | R571.64m |
Total liabilities | R967.62m |
Total assets | R1.54b |
Financial Position Analysis
Short Term Liabilities: MFL's short term assets (ZAR392.3M) exceed its short term liabilities (ZAR341.3M).
Long Term Liabilities: MFL's short term assets (ZAR392.3M) do not cover its long term liabilities (ZAR626.3M).
Debt to Equity History and Analysis
Debt Level: MFL's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: MFL's debt to equity ratio has reduced from 110% to 101.2% over the past 5 years.
Debt Coverage: MFL's debt is well covered by operating cash flow (33.5%).
Interest Coverage: MFL's interest payments on its debt are well covered by EBIT (3.9x coverage).