TextMagic Balance Sheet Health
Financial Health criteria checks 6/6
TextMagic has a total shareholder equity of €37.4M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €41.1M and €3.6M respectively. TextMagic's EBIT is €2.8M making its interest coverage ratio -10.1. It has cash and short-term investments of €7.7M.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | -10.1x |
| Cash | €7.73m |
| Equity | €37.44m |
| Total liabilities | €3.64m |
| Total assets | €41.08m |
Financial Position Analysis
Short Term Liabilities: MAGIC's short term assets (€8.0M) exceed its short term liabilities (€3.6M).
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.