Red Carpet Media Group Balance Sheet Health
Financial Health criteria checks 5/6
Red Carpet Media Group has a total shareholder equity of PLN18.9M and total debt of PLN0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PLN32.1M and PLN13.2M respectively. Red Carpet Media Group's EBIT is PLN4.8M making its interest coverage ratio 22.9. It has cash and short-term investments of PLN6.3M.
Key information
0%
Debt to equity ratio
zł0
Debt
| Interest coverage ratio | 22.9x |
| Cash | zł6.33m |
| Equity | zł18.89m |
| Total liabilities | zł13.21m |
| Total assets | zł32.10m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RCM's short term assets (PLN9.3M) do not cover its short term liabilities (PLN12.5M).
Long Term Liabilities: RCM's short term assets (PLN9.3M) exceed its long term liabilities (PLN745.1K).
Debt to Equity History and Analysis
Debt Level: RCM is debt free.
Reducing Debt: RCM has no debt compared to 5 years ago when its debt to equity ratio was 135.1%.
Debt Coverage: RCM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RCM has no debt, therefore coverage of interest payments is not a concern.