Miquel y Costas & Miquel Balance Sheet Health
Financial Health criteria checks 6/6
Miquel y Costas & Miquel has a total shareholder equity of €330.3M and total debt of €57.7M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are €450.8M and €120.5M respectively. Miquel y Costas & Miquel's EBIT is €44.3M making its interest coverage ratio -50.3. It has cash and short-term investments of €43.1M.
Key information
17.5%
Debt to equity ratio
€57.74m
Debt
Interest coverage ratio | -50.3x |
Cash | €43.12m |
Equity | €330.29m |
Total liabilities | €120.52m |
Total assets | €450.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCME's short term assets (€219.6M) exceed its short term liabilities (€77.6M).
Long Term Liabilities: MCME's short term assets (€219.6M) exceed its long term liabilities (€42.9M).
Debt to Equity History and Analysis
Debt Level: MCME's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: MCME's debt to equity ratio has reduced from 28.4% to 17.5% over the past 5 years.
Debt Coverage: MCME's debt is well covered by operating cash flow (21.9%).
Interest Coverage: MCME earns more interest than it pays, so coverage of interest payments is not a concern.