musicMagpie Balance Sheet Health
Financial Health criteria checks 4/6
musicMagpie has a total shareholder equity of £12.3M and total debt of £20.7M, which brings its debt-to-equity ratio to 168.6%. Its total assets and total liabilities are £44.7M and £32.4M respectively.
Key information
168.6%
Debt to equity ratio
UK£20.70m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£7.60m |
| Equity | UK£12.28m |
| Total liabilities | UK£32.45m |
| Total assets | UK£44.73m |
Recent financial health updates
No updates
Recent updates
musicMagpie plc's (LON:MMAG) 28% Share Price Surge Not Quite Adding Up
Aug 13
musicMagpie 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 (£17.0M) exceed its short term liabilities (£9.4M).
Long Term Liabilities: MMAG's short term assets (£17.0M) do not cover its long term liabilities (£23.1M).
Debt to Equity History and Analysis
Debt Level: MMAG's net debt to equity ratio (106.7%) 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: MMAG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: MMAG has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 34.3% each year.