Mincon Group Balance Sheet Health
Financial Health criteria checks 5/6
Mincon Group has a total shareholder equity of €154.3M and total debt of €32.5M, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are €219.5M and €65.2M respectively. Mincon Group's EBIT is €12.3M making its interest coverage ratio 5.2. It has cash and short-term investments of €20.5M.
Key information
21.1%
Debt to equity ratio
€32.49m
Debt
Interest coverage ratio | 5.2x |
Cash | €20.48m |
Equity | €154.25m |
Total liabilities | €65.25m |
Total assets | €219.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIO's short term assets (€121.4M) exceed its short term liabilities (€34.2M).
Long Term Liabilities: MIO's short term assets (€121.4M) exceed its long term liabilities (€31.1M).
Debt to Equity History and Analysis
Debt Level: MIO's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: MIO's debt to equity ratio has increased from 3.9% to 21.1% over the past 5 years.
Debt Coverage: MIO's debt is well covered by operating cash flow (69.2%).
Interest Coverage: MIO's interest payments on its debt are well covered by EBIT (5.2x coverage).