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.