musicMagpie Balance Sheet Health
Financial Health criteria checks 4/6
musicMagpie has a total shareholder equity of £9.4M and total debt of £18.4M, which brings its debt-to-equity ratio to 196.4%. Its total assets and total liabilities are £37.7M and £28.3M respectively.
Key information
196.4%
Debt to equity ratio
UK£18.42m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£4.57m |
| Equity | UK£9.38m |
| Total liabilities | UK£28.30m |
| Total assets | UK£37.68m |
Recent financial health updates
Recent updates
Health Check: How Prudently Does musicMagpie (LON:MMAG) Use Debt?
Jun 30
musicMagpie plc's (LON:MMAG) 28% Share Price Surge Not Quite Adding Up
Aug 13musicMagpie plc (LON:MMAG) Just Reported Earnings, And Analysts Cut Their Target Price
Mar 11musicMagpie (LON:MMAG) Might Have The Makings Of A Multi-Bagger
Jan 14We Think You Should Be Aware Of Some Concerning Factors In musicMagpie's (LON:MMAG) Earnings
Aug 05Financial Position Analysis
Short Term Liabilities: MMAG's short term assets (£11.8M) exceed its short term liabilities (£7.7M).
Long Term Liabilities: MMAG's short term assets (£11.8M) do not cover its long term liabilities (£20.6M).
Debt to Equity History and Analysis
Debt Level: MMAG's net debt to equity ratio (147.7%) is considered high.
Reducing Debt: MMAG 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 MMAG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MMAG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.7% per year.