Michlol Finance Balance Sheet Health
Financial Health criteria checks 1/6
Michlol Finance has a total shareholder equity of ₪247.8M and total debt of ₪1.2B, which brings its debt-to-equity ratio to 485%. Its total assets and total liabilities are ₪1.5B and ₪1.3B respectively. Michlol Finance's EBIT is ₪123.2M making its interest coverage ratio 1.7. It has cash and short-term investments of ₪37.1M.
Key information
485.0%
Debt to equity ratio
₪1.20b
Debt
Interest coverage ratio | 1.7x |
Cash | ₪37.10m |
Equity | ₪247.84m |
Total liabilities | ₪1.27b |
Total assets | ₪1.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MCLL's short term assets (₪497.5M) do not cover its short term liabilities (₪1.1B).
Long Term Liabilities: MCLL's short term assets (₪497.5M) exceed its long term liabilities (₪186.6M).
Debt to Equity History and Analysis
Debt Level: MCLL's net debt to equity ratio (470%) is considered high.
Reducing Debt: Insufficient data to determine if MCLL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MCLL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MCLL's interest payments on its debt are not well covered by EBIT (1.7x coverage).