Mustek Balance Sheet Health
Financial Health criteria checks 4/6
Mustek has a total shareholder equity of ZAR1.6B and total debt of ZAR659.8M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are ZAR5.3B and ZAR3.7B respectively. Mustek's EBIT is ZAR443.4M making its interest coverage ratio 2.3. It has cash and short-term investments of ZAR241.6M.
Key information
42.1%
Debt to equity ratio
R659.83m
Debt
Interest coverage ratio | 2.3x |
Cash | R241.62m |
Equity | R1.57b |
Total liabilities | R3.68b |
Total assets | R5.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MST's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR3.6B).
Long Term Liabilities: MST's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR92.0M).
Debt to Equity History and Analysis
Debt Level: MST's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: MST's debt to equity ratio has reduced from 57.7% to 42.1% 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 (2.3x coverage).