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 $685.5M, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are $2.7B and $1.1B respectively. Mirion Technologies's EBIT is $12.7M making its interest coverage ratio 0.2. It has cash and short-term investments of $139.1M.
Key information
43.5%
Debt to equity ratio
US$685.50m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$139.10m |
| Equity | US$1.57b |
| Total liabilities | US$1.08b |
| Total assets | US$2.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 55I0's short term assets ($546.5M) exceed its short term liabilities ($252.6M).
Long Term Liabilities: 55I0's short term assets ($546.5M) do not cover its long term liabilities ($826.4M).
Debt to Equity History and Analysis
Debt Level: 55I0's net debt to equity ratio (34.7%) 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 29.3% per year.