MarketCap
Facebook
X
Telegram
MiX Telematics Limited Balance Sheet 2023-2011 | MIXT
Brief overview of MiX Telematics Limited's balance sheet structure
Balance sheet changes are traced across five available annual reports between 2019 and 2023.
Assets grew from $160.4 million to $176.6 million. An increase of +10.1% at roughly 2.4% CAGR was not especially fast.
Liabilities grew faster than assets: +55.8% versus +10.1%. A substantial part of expansion was externally funded.
The equity-to-assets ratio is 61.6%, compared with 72.9% five periods ago. The balance sheet has a substantial internal cushion.
The balance sheet holds more cash than interest-bearing debt; net debt is -$26.2 million, indicating minimal leverage.
Cash represents 16.9% of assets versus 16.8% initially, showing how the immediate liquidity reserve changed.
By the end of the period, accumulated earnings were $79 million; the change from the start was +25.9%.
Overall picture
MiX Telematics Limited's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet MiX Telematics Limited
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-26.2 M | -29.2 M | -39.2 M | -11.4 M | -24 M | -24.5 M | -26.5 M | -57.5 M | -76.2 M | -75.3 M | -9.55 M | -5.94 M | -1.22 M |
Long Term Debt |
2.97 M | 3.66 M | 4.9 M | 5.41 M | 2.16 M | - | - | - | 90.9 K | 232 K | - | - | 5.28 M |
Long Term Debt Current |
688 K | 932 K | 1.4 M | 1.09 M | 750 K | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | 17.1 M | 12 M | 7.16 M | 7.57 M | 8.33 M | 5.8 M | 2.39 M | 962 K | 3.37 M | 9.57 M |
Total Current Liabilities |
52 M | 40.5 M | 32.7 M | 27.5 M | 31.9 M | - | - | - | - | - | - | - | - |
Total Liabilities |
67.7 M | 53.9 M | 47.7 M | 44.6 M | 43.5 M | 40.2 M | 34.5 M | 30.7 M | 30 M | 28.8 M | 30.8 M | 38.6 M | 45.6 M |
Deferred Revenue |
5.3 M | 6.69 M | 5.79 M | 5.08 M | 6.11 M | 5.59 M | 4.68 M | 4.31 M | 4.4 M | 3.41 M | 2.49 M | - | - |
Retained Earnings |
79 M | 79.7 M | 76.7 M | 67.5 M | 62.8 M | 61 M | 44.2 M | 35.2 M | 37.1 M | 28.4 M | 20.4 M | 18.2 M | 11 M |
Total Assets |
177 M | 181 M | 171 M | 144 M | 160 M | 168 M | 142 M | 159 M | 184 M | 186 M | 125 M | 139 M | 146 M |
Cash and Cash Equivalents |
29.9 M | 33.7 M | 45.5 M | 18 M | 26.9 M | 27.8 M | 29 M | - | - | - | - | - | - |
Book Value |
109 M | 127 M | 123 M | 99 M | 117 M | 128 M | 107 M | 128 M | 154 M | 158 M | 93.9 M | 101 M | 100 M |
Total Shareholders Equity |
109 M | 127 M | 123 M | 99 M | 117 M | 124 M | 104 M | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet MiX Telematics Limited
| 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
2.8 M | 3.04 M | 2.8 M | 3.18 M | 3.23 M | 4.62 M | 4.48 M | 4.85 M | 4.62 M | 5.13 M | 4.85 M | 4.9 M | 5.13 M | 4.82 M | 4.82 M | 5.09 M | - | - | - | 2.16 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
73.5 M | 67.4 M | 73.5 M | 52.5 M | 66 M | 52.7 M | 48.9 M | 50.4 M | 52.7 M | 50.4 M | 50.4 M | 47.7 M | 50.4 M | 47 M | 47 M | 45.1 M | - | - | - | 43.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
6.49 M | 4.67 M | 6.49 M | 5.76 M | 6.61 M | 7.66 M | 5.59 M | 5.75 M | 7.66 M | 7.67 M | 5.75 M | 5.79 M | 7.67 M | 4.52 M | 4.52 M | 4.56 M | - | - | - | 6.11 M | - | - | - | 5.59 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
78.3 M | 79.3 M | 78.3 M | 79 M | 78 M | 77.7 M | 78.5 M | 78.7 M | 77.7 M | 75.4 M | 78.7 M | 76.7 M | 75.4 M | 70.8 M | 70.8 M | 68.7 M | - | - | - | 62.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
182 M | 174 M | 182 M | 168 M | 178 M | 172 M | 173 M | 179 M | 172 M | 174 M | 179 M | 171 M | 174 M | 154 M | 154 M | 148 M | - | - | - | 160 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
25.4 M | 27.1 M | 25.4 M | 24.6 M | 25.8 M | 35.9 M | 39.8 M | 46.1 M | 36.7 M | 44 M | 47.2 M | 46.3 M | 44 M | 33.8 M | 33.8 M | 24.5 M | 22.4 M | 20.7 M | 26.6 M | 26.9 M | - | - | - | 27.8 M | - | - | - | 29 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
108 M | 107 M | 108 M | 116 M | 112 M | 119 M | 124 M | 129 M | 119 M | 123 M | 129 M | 123 M | 123 M | 107 M | 107 M | 103 M | - | - | - | 117 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
108 M | 107 M | 108 M | 116 M | 112 M | 119 M | 124 M | 129 M | 119 M | 123 M | 129 M | 123 M | 123 M | 107 M | 107 M | 103 M | 120 M | 110 M | 110 M | 117 M | - | - | - | 124 M | - | - | - | 104 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of MiX Telematics Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
Canada
Russia
China
Curacao
Guernsey
Israel
