Mycronic Balance Sheet Health
Financial Health criteria checks 5/6
Mycronic has a total shareholder equity of SEK4.8B and total debt of SEK152.0M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are SEK7.9B and SEK3.0B respectively. Mycronic's EBIT is SEK843.0M making its interest coverage ratio -64.8. It has cash and short-term investments of SEK1.7B.
Key information
3.2%
Debt to equity ratio
kr152.00m
Debt
Interest coverage ratio | -64.8x |
Cash | kr1.75b |
Equity | kr4.82b |
Total liabilities | kr3.03b |
Total assets | kr7.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MYCRS's short term assets (SEK4.7B) exceed its short term liabilities (SEK2.5B).
Long Term Liabilities: MYCRS's short term assets (SEK4.7B) exceed its long term liabilities (SEK521.0M).
Debt to Equity History and Analysis
Debt Level: MYCRS has more cash than its total debt.
Reducing Debt: MYCRS's debt to equity ratio has increased from 0.04% to 3.2% over the past 5 years.
Debt Coverage: MYCRS's debt is well covered by operating cash flow (975%).
Interest Coverage: MYCRS earns more interest than it pays, so coverage of interest payments is not a concern.