Main Event Entertainment Group Balance Sheet Health
Financial Health criteria checks 6/6
Main Event Entertainment Group has a total shareholder equity of JMD912.7M and total debt of JMD61.3M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are JMD1.2B and JMD314.7M respectively. Main Event Entertainment Group's EBIT is JMD213.3M making its interest coverage ratio -21.3. It has cash and short-term investments of JMD425.4M.
Key information
6.7%
Debt to equity ratio
JA$61.25m
Debt
| Interest coverage ratio | -21.3x |
| Cash | JA$425.41m |
| Equity | JA$912.66m |
| Total liabilities | JA$314.71m |
| Total assets | JA$1.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEEG's short term assets (JMD789.6M) exceed its short term liabilities (JMD276.0M).
Long Term Liabilities: MEEG's short term assets (JMD789.6M) exceed its long term liabilities (JMD38.7M).
Debt to Equity History and Analysis
Debt Level: MEEG has more cash than its total debt.
Reducing Debt: MEEG's debt to equity ratio has reduced from 37.9% to 6.7% over the past 5 years.
Debt Coverage: MEEG's debt is well covered by operating cash flow (389.8%).
Interest Coverage: MEEG earns more interest than it pays, so coverage of interest payments is not a concern.