Well what matters with MQG is the tier 1 & surplus capital it holds which is far in excess of regulatory requirements. MQG in a way is a bit of a black box as well and it's hard to understand what exactly all of the debt on its balance sheet is for, but it's likely a combination of liabilities from its banking operation (i.e. home loans), asset financing, and it itself buying large unlisted assets/businesses on the market. MQG I don't think has any type of serviceability issue.
Also debt in and of itself isn't a ticking time bomb. It's the relative amounts and serviceability that's the issues. MQG would appear to be very healthy on both fronts. Simplistically if somebody has $2 million in debt, but $1 million in income, that's an extremely low debt and high serviceability. If somebody has $2 million in debt an $100k in income, oh boy, I would not want to be that person.
See snapshot from their 2023 report here - all pretty great metrics at a high level.
- Forums
- ASX - By Stock
- MFG
- Ann: Funds Under Management - September 2023
Ann: Funds Under Management - September 2023, page-127
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MFG (ASX) to my watchlist
|
|||||
Last
$9.81 |
Change
0.190(1.98%) |
Mkt cap ! $1.773B |
Open | High | Low | Value | Volume |
$9.61 | $9.82 | $9.55 | $5.448M | 559.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 875 | $9.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.82 | 1469 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1822 | 9.770 |
4 | 3894 | 9.760 |
2 | 5825 | 9.750 |
2 | 3344 | 9.740 |
1 | 1526 | 9.730 |
Price($) | Vol. | No. |
---|---|---|
9.820 | 1000 | 1 |
9.830 | 4401 | 6 |
9.840 | 2522 | 2 |
9.850 | 6479 | 5 |
9.860 | 3633 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
Featured News
MFG (ASX) Chart |