Michang Oil Ind .Co.Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Michang Oil Ind .Co.Ltd has a total shareholder equity of ₩364.9B and total debt of ₩10.0B, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are ₩416.2B and ₩51.4B respectively. Michang Oil Ind .Co.Ltd's EBIT is ₩48.0B making its interest coverage ratio -28.5. It has cash and short-term investments of ₩141.0B.
Key information
2.7%
Debt to equity ratio
₩10.00b
Debt
| Interest coverage ratio | -28.5x |
| Cash | ₩141.03b |
| Equity | ₩364.86b |
| Total liabilities | ₩51.38b |
| Total assets | ₩416.24b |
Recent financial health updates
No updates
Recent updates
Michang Oil Ind .Co.Ltd's (KRX:003650) Solid Earnings May Rest On Weak Foundations
Mar 28
The Case For Michang Oil Ind .Co.,Ltd. (KRX:003650): Could It Be A Nice Addition To Your Dividend Portfolio?
May 05Michang Oil Ind .Co.Ltd's (KRX:003650) Returns On Capital Are Heading Higher
Apr 13Could The Michang Oil Ind .Co.,Ltd. (KRX:003650) Ownership Structure Tell Us Something Useful?
Feb 27Why Michang Oil Ind .Co.,Ltd. (KRX:003650) Should Be In Your Dividend Portfolio
Jan 28Michang Oil Ind .Co.,Ltd. (KRX:003650) Passed Our Checks, And It's About To Pay A ₩2,000 Dividend
Dec 24
Our Take On The Returns On Capital At Michang Oil Ind .Co.Ltd (KRX:003650)
Nov 29Financial Position Analysis
Short Term Liabilities: A003650's short term assets (₩289.6B) exceed its short term liabilities (₩46.6B).
Long Term Liabilities: A003650's short term assets (₩289.6B) exceed its long term liabilities (₩4.8B).
Debt to Equity History and Analysis
Debt Level: A003650 has more cash than its total debt.
Reducing Debt: A003650's debt to equity ratio has increased from 0.8% to 2.7% over the past 5 years.
Debt Coverage: A003650's debt is well covered by operating cash flow (541%).
Interest Coverage: A003650 earns more interest than it pays, so coverage of interest payments is not a concern.