Modern Dental Group Balance Sheet Health
Financial Health criteria checks 6/6
Modern Dental Group has a total shareholder equity of HK$2.7B and total debt of HK$701.8M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are HK$4.0B and HK$1.3B respectively. Modern Dental Group's EBIT is HK$551.2M making its interest coverage ratio 13.6. It has cash and short-term investments of HK$726.8M.
Key information
25.9%
Debt to equity ratio
HK$701.84m
Debt
| Interest coverage ratio | 13.6x |
| Cash | HK$726.76m |
| Equity | HK$2.71b |
| Total liabilities | HK$1.32b |
| Total assets | HK$4.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1MD's short term assets (HK$1.7B) exceed its short term liabilities (HK$582.6M).
Long Term Liabilities: 1MD's short term assets (HK$1.7B) exceed its long term liabilities (HK$733.6M).
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 39.6% to 25.9% over the past 5 years.
Debt Coverage: 1MD's debt is well covered by operating cash flow (81.5%).
Interest Coverage: 1MD's interest payments on its debt are well covered by EBIT (13.6x coverage).