Mincon Group Balance Sheet Health
Financial Health criteria checks 4/6
Mincon Group has a total shareholder equity of €152.2M and total debt of €32.3M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are €217.6M and €65.5M respectively. Mincon Group's EBIT is €4.8M making its interest coverage ratio 1.9. It has cash and short-term investments of €15.8M.
Key information
21.2%
Debt to equity ratio
€32.32m
Debt
| Interest coverage ratio | 1.9x |
| Cash | €15.77m |
| Equity | €152.16m |
| Total liabilities | €65.45m |
| Total assets | €217.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIO's short term assets (€120.2M) exceed its short term liabilities (€35.7M).
Long Term Liabilities: MIO's short term assets (€120.2M) exceed its long term liabilities (€29.8M).
Debt to Equity History and Analysis
Debt Level: MIO's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: MIO's debt to equity ratio has increased from 9.7% to 21.2% over the past 5 years.
Debt Coverage: MIO's debt is well covered by operating cash flow (69.9%).
Interest Coverage: MIO's interest payments on its debt are not well covered by EBIT (1.9x coverage).