mPay Balance Sheet Health
Financial Health criteria checks 4/6
mPay has a total shareholder equity of PLN15.2M and total debt of PLN4.2M, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are PLN39.3M and PLN24.1M respectively. mPay's EBIT is PLN1.2M making its interest coverage ratio 3.3. It has cash and short-term investments of PLN3.5M.
Key information
27.4%
Debt to equity ratio
zł4.18m
Debt
| Interest coverage ratio | 3.3x |
| Cash | zł3.51m |
| Equity | zł15.23m |
| Total liabilities | zł24.11m |
| Total assets | zł39.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MPY's short term assets (PLN32.8M) exceed its short term liabilities (PLN19.6M).
Long Term Liabilities: MPY's short term assets (PLN32.8M) exceed its long term liabilities (PLN4.5M).
Debt to Equity History and Analysis
Debt Level: MPY's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: MPY's debt to equity ratio has increased from 0% to 27.4% over the past 5 years.
Debt Coverage: MPY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MPY's interest payments on its debt are well covered by EBIT (3.3x coverage).