MEC: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MEC has $578,072K in assets. $345,886K in debts. $2,066K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
164.11%
Quick Ratio
90.55%
Cash Ratio
2.30%
Debt to Asset Ratio
59.83%
Unit: Thousand (K) dollars
Assets Breakdown
Less accumulated depreciation
Goodwill
Receivables, net of allowances f...
Others
Liabilities Breakdown
Bank revolving credit notes
Additional paid-in-capital
Accounts payable
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	2,066	1,502	1,217	206
Receivables, net of allowances for doubtful accounts of 590 at march 31, 2026 and 577 at december 31, 2025	68,138	57,551	69,183	51,329
Inventories, net	66,024	59,398	61,219	53,947
Tooling in progress	5,374	4,746	4,646	3,778
Prepaid expenses and other current assets	5,684	5,217	6,020	4,468
Total current assets	147,286	128,414	142,285	113,728
Total property, plant and equipment, gross	458,551	451,669	446,236	-
Less accumulated depreciation	308,762	301,673	292,950	-
Property, plant and equipment, net	149,789	149,996	153,286	147,313
Assets held for sale	3,082	1,402	1,402	1,402
Goodwill	140,246	140,246	140,289	92,650
Total intangible assets, gross carrying amount	-	188,817	-	-
Accumulated amortization	-	77,537	-	-
Intangible assets, net	108,150	111,280	114,343	48,268
Operating lease assets	27,734	30,473	32,002	28,775
Other long-term assets	1,785	1,829	1,975	1,609
Total assets	578,072	563,640	585,582	433,745

Accounts payable	62,816	52,377	53,069	46,606
Current portion of operating lease obligation	6,842	6,729	6,644	5,258
Salaries, wages, and payroll taxes	5,939	2,753	6,196	7,740
Bonuses and deferred compensation	2,327	2,170	2,505	1,859
Other current liabilities	11,822	10,740	9,611	8,133
Total current liabilities	89,746	74,769	78,025	69,596
Bank revolving credit notes	212,392	202,525	211,858	69,280
Operating lease obligation, less current maturities	23,785	25,572	27,159	25,270
Deferred compensation, less current portion	4,801	5,240	4,672	4,319
Deferred income tax liability	7,990	11,298	15,218	15,756
Other long-term liabilities	7,172	3,499	3,880	2,681
Common shares, no par value, 75,000,000 authorized, 22,487,311 shares issued at june 30, 2025 and 22,300,106 at december 31, 2024	-	-	-	0
Total liabilities	345,886	322,903	340,812	186,902
Additional paid-in-capital	208,401	208,777	208,452	207,850
Retained earnings	43,801	51,976	56,334	59,009
Treasury shares at cost, 2,187,334 shares at march 31, 2026 and 2,187,334 at december 31, 2025	20,016	20,016	20,016	20,016
Total shareholders' equity	232,186	240,737	244,770	246,843
Total liabilities and shareholders' equity	578,072	563,640	585,582	433,745

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio164.11%Quick Ratio90.55%Cash Ratio2.30%Debt to Asset Ratio59.83%Unit: Thousand (K) dollarsAssets BreakdownLess accumulated depreciationGoodwillReceivables, net of allowances f...OthersLiabilities BreakdownBank revolving credit notesAdditional paid-in-capitalAccounts payableOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio164.11%Quick Ratio90.55%Cash Ratio2.30%Debt to Asset Ratio59.83%Unit: Thousand (K) dollarsAssets BreakdownLess accumulated depreciationGoodwillReceivables, net of allowances f...OthersLiabilities BreakdownBank revolving credit notesAdditional paid-in-capitalAccounts payableOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets