Ming Le Sports Balance Sheet Health
Financial Health criteria checks 6/6
Ming Le Sports has a total shareholder equity of €1.3M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €1.3M and €22.8K respectively.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | n/a |
| Cash | €1.24m |
| Equity | €1.32m |
| Total liabilities | €22.82k |
| Total assets | €1.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ML2's short term assets (€1.3M) exceed its short term liabilities (€22.8K).
Long Term Liabilities: ML2 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ML2 is debt free.
Reducing Debt: ML2 had no debt 5 years ago.
Debt Coverage: ML2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ML2 has no debt, therefore coverage of interest payments is not a concern.