Mitsides Public Company Limited

CSE:MIT Stock Report

Market Cap: €2.3m

Mitsides Balance Sheet Health

Financial Health criteria checks 4/6

Mitsides has a total shareholder equity of €16.0M and total debt of €12.5M, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are €38.8M and €22.8M respectively. Mitsides's EBIT is €2.3M making its interest coverage ratio 2.5. It has cash and short-term investments of €514.2K.

Key information

78.1%

Debt to equity ratio

€12.52m

Debt

Interest coverage ratio2.5x
Cash€514.22k
Equity€16.03m
Total liabilities€22.76m
Total assets€38.79m

Recent financial health updates

No updates

Recent updates

Insufficient Growth At Mitsides Public Company Limited (CSE:MIT) Hampers Share Price

Jul 13
Insufficient Growth At Mitsides Public Company Limited (CSE:MIT) Hampers Share Price

The Return Trends At Mitsides (CSE:MIT) Look Promising

Apr 17
The Return Trends At Mitsides (CSE:MIT) Look Promising

Returns On Capital Are Showing Encouraging Signs At Mitsides (CSE:MIT)

Dec 01
Returns On Capital Are Showing Encouraging Signs At Mitsides (CSE:MIT)

Returns At Mitsides (CSE:MIT) Are On The Way Up

Jan 30
Returns At Mitsides (CSE:MIT) Are On The Way Up

Returns At Mitsides (CSE:MIT) Are On The Way Up

Oct 14
Returns At Mitsides (CSE:MIT) Are On The Way Up

Financial Position Analysis

Short Term Liabilities: MIT's short term assets (€19.6M) exceed its short term liabilities (€18.2M).

Long Term Liabilities: MIT's short term assets (€19.6M) exceed its long term liabilities (€4.6M).


Debt to Equity History and Analysis

Debt Level: MIT's net debt to equity ratio (74.9%) is considered high.

Reducing Debt: MIT's debt to equity ratio has reduced from 85.5% to 78.1% over the past 5 years.

Debt Coverage: MIT's debt is well covered by operating cash flow (26.6%).

Interest Coverage: MIT's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


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