Mustek Balance Sheet Health
Financial Health criteria checks 2/6
Mustek has a total shareholder equity of ZAR1.5B and total debt of ZAR2.0B, which brings its debt-to-equity ratio to 132.3%. Its total assets and total liabilities are ZAR4.9B and ZAR3.4B respectively. Mustek's EBIT is ZAR246.3M making its interest coverage ratio 1.2. It has cash and short-term investments of ZAR303.6M.
Key information
132.3%
Debt to equity ratio
R2.01b
Debt
| Interest coverage ratio | 1.2x |
| Cash | R303.60m |
| Equity | R1.52b |
| Total liabilities | R3.37b |
| Total assets | R4.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MST's short term assets (ZAR4.3B) exceed its short term liabilities (ZAR3.3B).
Long Term Liabilities: MST's short term assets (ZAR4.3B) exceed its long term liabilities (ZAR106.4M).
Debt to Equity History and Analysis
Debt Level: MST's net debt to equity ratio (112.2%) is considered high.
Reducing Debt: MST's debt to equity ratio has increased from 128.7% to 132.3% over the past 5 years.
Debt Coverage: MST's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MST's interest payments on its debt are not well covered by EBIT (1.2x coverage).