MIG Holdings Balance Sheet Health
Financial Health criteria checks 2/6
MIG Holdings has a total shareholder equity of €121.9M and total debt of €91.9M, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are €220.2M and €98.3M respectively.
Key information
75.4%
Debt to equity ratio
€91.90m
Debt
Interest coverage ratio | n/a |
Cash | €13.16m |
Equity | €121.87m |
Total liabilities | €98.33m |
Total assets | €220.19m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIG's short term assets (€15.5M) exceed its short term liabilities (€6.2M).
Long Term Liabilities: MIG's short term assets (€15.5M) do not cover its long term liabilities (€92.1M).
Debt to Equity History and Analysis
Debt Level: MIG's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: MIG's debt to equity ratio has reduced from 417.8% to 75.4% over the past 5 years.
Debt Coverage: MIG's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: Insufficient data to determine if MIG's interest payments on its debt are well covered by EBIT.