MIG Holdings Balance Sheet Health
Financial Health criteria checks 2/6
MIG Holdings has a total shareholder equity of €127.0M and total debt of €86.1M, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are €219.7M and €92.6M respectively. MIG Holdings's EBIT is €797.0K making its interest coverage ratio 0.3. It has cash and short-term investments of €9.6M.
Key information
67.8%
Debt to equity ratio
€86.14m
Debt
| Interest coverage ratio | 0.3x |
| Cash | €9.63m |
| Equity | €127.02m |
| Total liabilities | €92.63m |
| Total assets | €219.65m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M3K0's short term assets (€11.7M) exceed its short term liabilities (€6.2M).
Long Term Liabilities: M3K0's short term assets (€11.7M) do not cover its long term liabilities (€86.4M).
Debt to Equity History and Analysis
Debt Level: M3K0's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: M3K0's debt to equity ratio has reduced from 472.7% to 67.8% over the past 5 years.
Debt Coverage: M3K0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: M3K0's interest payments on its debt are not well covered by EBIT (0.3x coverage).