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).