Mydas Real Estate Investments Balance Sheet Health
Financial Health criteria checks 1/6
Mydas Real Estate Investments has a total shareholder equity of ₪66.2M and total debt of ₪129.4M, which brings its debt-to-equity ratio to 195.3%. Its total assets and total liabilities are ₪203.5M and ₪137.3M respectively. Mydas Real Estate Investments's EBIT is ₪6.9M making its interest coverage ratio 2.9. It has cash and short-term investments of ₪307.0K.
Key information
195.3%
Debt to equity ratio
₪129.37m
Debt
| Interest coverage ratio | 2.9x |
| Cash | ₪307.00k |
| Equity | ₪66.23m |
| Total liabilities | ₪137.29m |
| Total assets | ₪203.52m |
Financial Position Analysis
Short Term Liabilities: MYDS's short term assets (₪2.2M) do not cover its short term liabilities (₪43.0M).
Long Term Liabilities: MYDS's short term assets (₪2.2M) do not cover its long term liabilities (₪94.3M).
Debt to Equity History and Analysis
Debt Level: MYDS's net debt to equity ratio (194.9%) is considered high.
Reducing Debt: MYDS's debt to equity ratio has reduced from 272.5% to 195.3% over the past 5 years.
Debt Coverage: MYDS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MYDS's interest payments on its debt are not well covered by EBIT (2.9x coverage).