Magis Balance Sheet Health
Financial Health criteria checks 5/6
Magis has a total shareholder equity of €43.0M and total debt of €9.6M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are €73.8M and €30.9M respectively. Magis's EBIT is €12.3M making its interest coverage ratio 11.8. It has cash and short-term investments of €16.1M.
Key information
22.2%
Debt to equity ratio
€9.56m
Debt
| Interest coverage ratio | 11.8x |
| Cash | €16.10m |
| Equity | €42.98m |
| Total liabilities | €30.85m |
| Total assets | €73.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZF6's short term assets (€49.6M) exceed its short term liabilities (€22.6M).
Long Term Liabilities: ZF6's short term assets (€49.6M) exceed its long term liabilities (€8.2M).
Debt to Equity History and Analysis
Debt Level: ZF6 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ZF6's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ZF6's debt is well covered by operating cash flow (84.6%).
Interest Coverage: ZF6's interest payments on its debt are well covered by EBIT (11.8x coverage).