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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:18 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Michang Oil Ind. Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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