Mirion Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Mirion Technologies has a total shareholder equity of $1.6B and total debt of $684.1M, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are $2.6B and $1.1B respectively. Mirion Technologies's EBIT is $1.6M making its interest coverage ratio 0. It has cash and short-term investments of $127.8M.
Key information
43.7%
Debt to equity ratio
US$684.10m
Debt
| Interest coverage ratio | 0.03x |
| Cash | US$127.80m |
| Equity | US$1.56b |
| Total liabilities | US$1.06b |
| Total assets | US$2.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 55I0's short term assets ($515.4M) exceed its short term liabilities ($236.2M).
Long Term Liabilities: 55I0's short term assets ($515.4M) do not cover its long term liabilities ($827.0M).
Debt to Equity History and Analysis
Debt Level: 55I0's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: 55I0 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable 55I0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 55I0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.6% per year.