Mangels Industrial Balance Sheet Health
Financial Health criteria checks 2/6
Mangels Industrial has a total shareholder equity of R$23.1M and total debt of R$635.8M, which brings its debt-to-equity ratio to 2750.4%. Its total assets and total liabilities are R$759.2M and R$736.1M respectively. Mangels Industrial's EBIT is R$76.4M making its interest coverage ratio 1.3. It has cash and short-term investments of R$67.8M.
Key information
2,750.4%
Debt to equity ratio
R$635.79m
Debt
| Interest coverage ratio | 1.3x |
| Cash | R$67.83m |
| Equity | R$23.12m |
| Total liabilities | R$736.08m |
| Total assets | R$759.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGEL4's short term assets (R$378.8M) exceed its short term liabilities (R$213.4M).
Long Term Liabilities: MGEL4's short term assets (R$378.8M) do not cover its long term liabilities (R$522.7M).
Debt to Equity History and Analysis
Debt Level: MGEL4's net debt to equity ratio (2457%) 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 (9.6%).
Interest Coverage: MGEL4's interest payments on its debt are not well covered by EBIT (1.3x coverage).