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 ₩377.4B and total debt of ₩51.7B, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are ₩484.2B and ₩106.8B respectively. Michang Oil Ind .Co.Ltd's EBIT is ₩48.2B making its interest coverage ratio -29.9. It has cash and short-term investments of ₩200.0B.
Key information
13.7%
Debt to equity ratio
₩51.70b
Debt
Interest coverage ratio | -29.9x |
Cash | ₩199.95b |
Equity | ₩377.39b |
Total liabilities | ₩106.78b |
Total assets | ₩484.17b |
Recent financial health updates
No updates
Recent updates
Is Now The Time To Put Michang Oil Ind .Co.Ltd (KRX:003650) On Your Watchlist?
Aug 12Michang Oil Ind .Co.Ltd's (KRX:003650) Solid Earnings May Rest On Weak Foundations
Mar 28The 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 24Our 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 (₩356.9B) exceed its short term liabilities (₩100.4B).
Long Term Liabilities: A003650's short term assets (₩356.9B) exceed its long term liabilities (₩6.4B).
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 0.5% to 13.7% over the past 5 years.
Debt Coverage: A003650's debt is well covered by operating cash flow (86%).
Interest Coverage: A003650 earns more interest than it pays, so coverage of interest payments is not a concern.