mm2 Asia Balance Sheet Health
Financial Health criteria checks 4/6
mm2 Asia has a total shareholder equity of SGD112.6M and total debt of SGD234.8M, which brings its debt-to-equity ratio to 208.5%. Its total assets and total liabilities are SGD467.6M and SGD355.0M respectively. mm2 Asia's EBIT is SGD11.9M making its interest coverage ratio 0.6. It has cash and short-term investments of SGD32.4M.
Key information
208.5%
Debt to equity ratio
S$234.76m
Debt
| Interest coverage ratio | 0.6x |
| Cash | S$32.44m |
| Equity | S$112.59m |
| Total liabilities | S$355.04m |
| Total assets | S$467.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1MMA's short term assets (SGD285.6M) exceed its short term liabilities (SGD251.9M).
Long Term Liabilities: 1MMA's short term assets (SGD285.6M) exceed its long term liabilities (SGD103.1M).
Debt to Equity History and Analysis
Debt Level: 1MMA's net debt to equity ratio (179.7%) is considered high.
Reducing Debt: 1MMA's debt to equity ratio has increased from 93.4% to 208.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 1MMA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 1MMA has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 32.4% each year.