MGM China Holdings Balance Sheet Health
Financial Health criteria checks 1/6
MGM China Holdings has a total shareholder equity of HK$-1.3B and total debt of HK$24.1B, which brings its debt-to-equity ratio to -1815.7%. Its total assets and total liabilities are HK$29.2B and HK$30.5B respectively. MGM China Holdings's EBIT is HK$4.6B making its interest coverage ratio 2.6. It has cash and short-term investments of HK$4.2B.
Key information
-1,815.7%
Debt to equity ratio
HK$24.10b
Debt
Interest coverage ratio | 2.6x |
Cash | HK$4.23b |
Equity | -HK$1.33b |
Total liabilities | HK$30.51b |
Total assets | HK$29.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M04 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: M04 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: M04 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: M04's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: M04's debt is well covered by operating cash flow (34.3%).
Interest Coverage: M04's interest payments on its debt are not well covered by EBIT (2.6x coverage).