Millennium Services Group Balance Sheet Health
Financial Health criteria checks 3/6
Millennium Services Group has a total shareholder equity of A$2.5M and total debt of A$6.5M, which brings its debt-to-equity ratio to 256.3%. Its total assets and total liabilities are A$67.7M and A$65.2M respectively. Millennium Services Group's EBIT is A$5.3M making its interest coverage ratio 2.4. It has cash and short-term investments of A$2.1M.
Key information
256.3%
Debt to equity ratio
AU$6.49m
Debt
| Interest coverage ratio | 2.4x |
| Cash | AU$2.13m |
| Equity | AU$2.53m |
| Total liabilities | AU$65.17m |
| Total assets | AU$67.70m |
Recent financial health updates
These 4 Measures Indicate That Millennium Services Group (ASX:MIL) Is Using Debt Extensively
Nov 07
Is Millennium Services Group (ASX:MIL) A Risky Investment?
Jun 13Is Millennium Services Group (ASX:MIL) A Risky Investment?
Aug 18Is Millennium Services Group (ASX:MIL) Using Too Much Debt?
Apr 13Recent updates
These 4 Measures Indicate That Millennium Services Group (ASX:MIL) Is Using Debt Extensively
Nov 07Estimating The Intrinsic Value Of Millennium Services Group Limited (ASX:MIL)
Aug 11Is Millennium Services Group (ASX:MIL) A Risky Investment?
Jun 13When Should You Buy Millennium Services Group Limited (ASX:MIL)?
Nov 02Is Millennium Services Group (ASX:MIL) A Risky Investment?
Aug 18Why Millennium Services Group Limited (ASX:MIL) Could Be Worth Watching
May 26Is Millennium Services Group (ASX:MIL) Using Too Much Debt?
Apr 13Investors Can Find Comfort In Millennium Services Group's (ASX:MIL) Earnings Quality
Mar 03At AU$0.49, Is It Time To Put Millennium Services Group Limited (ASX:MIL) On Your Watch List?
Feb 23Estimating The Fair Value Of Millennium Services Group Limited (ASX:MIL)
Aug 02What Does Millennium Services Group Limited's (ASX:MIL) Share Price Indicate?
May 06Should You Think About Buying Millennium Services Group Limited (ASX:MIL) Now?
Jan 21Financial Position Analysis
Short Term Liabilities: MIL's short term assets (A$38.9M) do not cover its short term liabilities (A$59.1M).
Long Term Liabilities: MIL's short term assets (A$38.9M) exceed its long term liabilities (A$6.1M).
Debt to Equity History and Analysis
Debt Level: MIL's net debt to equity ratio (172.1%) is considered high.
Reducing Debt: MIL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MIL's debt is well covered by operating cash flow (69.2%).
Interest Coverage: MIL's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/06 12:34 |
| End of Day Share Price | 2024/05/06 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Millennium Services Group Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Raju Ahmed | CCZ Equities Pty Limited |
| Jules Cooper | Ord Minnett Limited |
| John Burgess | RaaS Advisory Pty Ltd |