Modern Dental Group Balance Sheet Health
Financial Health criteria checks 6/6
Modern Dental Group has a total shareholder equity of HK$2.6B and total debt of HK$676.2M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are HK$4.0B and HK$1.3B respectively. Modern Dental Group's EBIT is HK$538.1M making its interest coverage ratio 13.8. It has cash and short-term investments of HK$737.0M.
Key information
25.6%
Debt to equity ratio
HK$676.19m
Debt
Interest coverage ratio | 13.8x |
Cash | HK$736.97m |
Equity | HK$2.64b |
Total liabilities | HK$1.31b |
Total assets | HK$3.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1MD's short term assets (HK$1.6B) exceed its short term liabilities (HK$555.0M).
Long Term Liabilities: 1MD's short term assets (HK$1.6B) exceed its long term liabilities (HK$754.8M).
Debt to Equity History and Analysis
Debt Level: 1MD has more cash than its total debt.
Reducing Debt: 1MD's debt to equity ratio has reduced from 40.6% to 25.6% over the past 5 years.
Debt Coverage: 1MD's debt is well covered by operating cash flow (85.1%).
Interest Coverage: 1MD's interest payments on its debt are well covered by EBIT (13.8x coverage).