Michang Oil Ind Balance Sheet Health
Financial Health criteria checks 5/6
Michang Oil Ind has a total shareholder equity of ₩406.6B and total debt of ₩50.0B, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are ₩509.9B and ₩103.3B respectively. Michang Oil Ind's EBIT is ₩45.6B making its interest coverage ratio -22.8. It has cash and short-term investments of ₩226.0B.
Key information
12.3%
Debt to equity ratio
₩50.00b
Debt
| Interest coverage ratio | -22.8x |
| Cash | ₩225.95b |
| Equity | ₩406.61b |
| Total liabilities | ₩103.27b |
| Total assets | ₩509.88b |
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 12
Michang 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 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 (₩384.1B) exceed its short term liabilities (₩93.1B).
Long Term Liabilities: A003650's short term assets (₩384.1B) exceed its long term liabilities (₩10.2B).
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 0.3% to 12.3% over the past 5 years.
Debt Coverage: A003650's debt is well covered by operating cash flow (93%).
Interest Coverage: A003650 earns more interest than it pays, so coverage of interest payments is not a concern.