mPay Balance Sheet Health
Financial Health criteria checks 4/6
mPay has a total shareholder equity of PLN15.1M and total debt of PLN5.8M, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are PLN34.2M and PLN19.0M respectively. mPay's EBIT is PLN842.8K making its interest coverage ratio 5. It has cash and short-term investments of PLN3.6M.
Key information
38.1%
Debt to equity ratio
zł5.76m
Debt
Interest coverage ratio | 5x |
Cash | zł3.60m |
Equity | zł15.13m |
Total liabilities | zł19.03m |
Total assets | zł34.16m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MPY's short term assets (PLN27.2M) exceed its short term liabilities (PLN16.5M).
Long Term Liabilities: MPY's short term assets (PLN27.2M) exceed its long term liabilities (PLN2.5M).
Debt to Equity History and Analysis
Debt Level: MPY's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: MPY's debt to equity ratio has increased from 33.1% to 38.1% 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 (5x coverage).