Microlise Group Balance Sheet Health
Financial Health criteria checks 5/6
Microlise Group has a total shareholder equity of £74.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £133.1M and £58.9M respectively. Microlise Group's EBIT is £1.8M making its interest coverage ratio -15.9. It has cash and short-term investments of £8.9M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -15.9x |
| Cash | UK£8.95m |
| Equity | UK£74.21m |
| Total liabilities | UK£58.89m |
| Total assets | UK£133.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2DI's short term assets (£32.9M) do not cover its short term liabilities (£36.2M).
Long Term Liabilities: 2DI's short term assets (£32.9M) exceed its long term liabilities (£22.7M).
Debt to Equity History and Analysis
Debt Level: 2DI is debt free.
Reducing Debt: 2DI has no debt compared to 5 years ago when its debt to equity ratio was 31.2%.
Debt Coverage: 2DI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2DI has no debt, therefore coverage of interest payments is not a concern.