Millennium Global Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Millennium Global Holdings has a total shareholder equity of ₱662.6M and total debt of ₱1.2B, which brings its debt-to-equity ratio to 175.5%. Its total assets and total liabilities are ₱1.9B and ₱1.3B respectively. Millennium Global Holdings's EBIT is ₱54.0M making its interest coverage ratio 2.7. It has cash and short-term investments of ₱44.4M.
Key information
175.5%
Debt to equity ratio
₱1.16b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₱44.41m |
| Equity | ₱662.56m |
| Total liabilities | ₱1.28b |
| Total assets | ₱1.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MG's short term assets (₱1.6B) exceed its short term liabilities (₱1.2B).
Long Term Liabilities: MG's short term assets (₱1.6B) exceed its long term liabilities (₱45.4M).
Debt to Equity History and Analysis
Debt Level: MG's net debt to equity ratio (168.8%) is considered high.
Reducing Debt: MG's debt to equity ratio has increased from 54.6% to 175.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 05:59 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| 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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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
Millennium Global Holdings, Inc. 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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