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Medica Group Balance Sheet Health
Financial Health criteria checks 6/6
Medica Group has a total shareholder equity of £61.1M and total debt of £10.2M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are £86.2M and £25.2M respectively. Medica Group's EBIT is £8.9M making its interest coverage ratio 14.2. It has cash and short-term investments of £11.0M.
Key information
16.7%
Debt to equity ratio
UK£10.22m
Debt
Interest coverage ratio | 14.2x |
Cash | UK£11.00m |
Equity | UK£61.09m |
Total liabilities | UK£25.16m |
Total assets | UK£86.24m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2MI's short term assets (£28.8M) exceed its short term liabilities (£17.2M).
Long Term Liabilities: 2MI's short term assets (£28.8M) exceed its long term liabilities (£7.9M).
Debt to Equity History and Analysis
Debt Level: 2MI has more cash than its total debt.
Reducing Debt: 2MI's debt to equity ratio has reduced from 47.8% to 16.7% over the past 5 years.
Debt Coverage: 2MI's debt is well covered by operating cash flow (85.6%).
Interest Coverage: 2MI's interest payments on its debt are well covered by EBIT (14.2x coverage).