Magis Balance Sheet Health
Financial Health criteria checks 5/6
Magis has a total shareholder equity of €34.8M and total debt of €13.4M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are €64.2M and €29.3M respectively. Magis's EBIT is €10.5M making its interest coverage ratio 39.4. It has cash and short-term investments of €10.5M.
Key information
38.5%
Debt to equity ratio
€13.41m
Debt
Interest coverage ratio | 39.4x |
Cash | €10.52m |
Equity | €34.84m |
Total liabilities | €29.33m |
Total assets | €64.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGS's short term assets (€40.6M) exceed its short term liabilities (€17.6M).
Long Term Liabilities: MGS's short term assets (€40.6M) exceed its long term liabilities (€11.8M).
Debt to Equity History and Analysis
Debt Level: MGS's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MGS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGS's debt is well covered by operating cash flow (118%).
Interest Coverage: MGS's interest payments on its debt are well covered by EBIT (39.4x coverage).