TextMagic Balance Sheet Health
Financial Health criteria checks 6/6
TextMagic has a total shareholder equity of €35.8M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €39.6M and €3.8M respectively. TextMagic's EBIT is €2.6M making its interest coverage ratio -14.4. It has cash and short-term investments of €6.4M.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | -14.4x |
| Cash | €6.40m |
| Equity | €35.82m |
| Total liabilities | €3.80m |
| Total assets | €39.61m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MAGIC's short term assets (€6.7M) exceed its short term liabilities (€3.8M).
Long Term Liabilities: MAGIC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAGIC is debt free.
Reducing Debt: MAGIC has not had any debt for past 5 years.
Debt Coverage: MAGIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAGIC has no debt, therefore coverage of interest payments is not a concern.