Mangels Industrial Balance Sheet Health
Financial Health criteria checks 2/6
Mangels Industrial has a total shareholder equity of R$33.8M and total debt of R$636.5M, which brings its debt-to-equity ratio to 1884.9%. Its total assets and total liabilities are R$746.9M and R$713.1M respectively. Mangels Industrial's EBIT is R$75.6M making its interest coverage ratio 1.4. It has cash and short-term investments of R$65.1M.
Key information
1,884.9%
Debt to equity ratio
R$636.55m
Debt
Interest coverage ratio | 1.4x |
Cash | R$65.06m |
Equity | R$33.77m |
Total liabilities | R$713.09m |
Total assets | R$746.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGEL4's short term assets (R$369.7M) exceed its short term liabilities (R$203.0M).
Long Term Liabilities: MGEL4's short term assets (R$369.7M) do not cover its long term liabilities (R$510.1M).
Debt to Equity History and Analysis
Debt Level: MGEL4's net debt to equity ratio (1692.3%) is considered high.
Reducing Debt: MGEL4 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MGEL4's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: MGEL4's interest payments on its debt are not well covered by EBIT (1.4x coverage).