Solikamsk magnesium works Balance Sheet Health
Financial Health criteria checks 5/6
Solikamsk magnesium works has a total shareholder equity of RUB3.8B and total debt of RUB287.0M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are RUB5.6B and RUB1.8B respectively. Solikamsk magnesium works's EBIT is RUB207.3M making its interest coverage ratio -39. It has cash and short-term investments of RUB743.4M.
Key information
7.6%
Debt to equity ratio
₽287.00m
Debt
| Interest coverage ratio | -39x |
| Cash | ₽743.42m |
| Equity | ₽3.79b |
| Total liabilities | ₽1.77b |
| Total assets | ₽5.56b |
Recent financial health updates
Solikamsk magnesium works (MCX:MGNZ) Seems To Use Debt Quite Sensibly
Oct 19
Solikamsk magnesium works (MCX:MGNZ) Has A Pretty Healthy Balance Sheet
Apr 18Recent updates
Solikamsk magnesium works' (MCX:MGNZ) Returns On Capital Are Heading Higher
Feb 15Solikamsk magnesium works (MCX:MGNZ) Seems To Use Debt Quite Sensibly
Oct 19Solikamsk magnesium works (MCX:MGNZ) Has A Pretty Healthy Balance Sheet
Apr 18Is Now The Time To Put Solikamsk magnesium works (MCX:MGNZ) On Your Watchlist?
Mar 16Has Open joint stock company Solikamsk magnesium works' (MCX:MGNZ) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Feb 16We're Watching These Trends At Solikamsk magnesium works (MCX:MGNZ)
Jan 21Financial Position Analysis
Short Term Liabilities: MGNZ's short term assets (RUB2.8B) exceed its short term liabilities (RUB1.5B).
Long Term Liabilities: MGNZ's short term assets (RUB2.8B) exceed its long term liabilities (RUB287.8M).
Debt to Equity History and Analysis
Debt Level: MGNZ has more cash than its total debt.
Reducing Debt: MGNZ's debt to equity ratio has reduced from 18.6% to 7.6% over the past 5 years.
Debt Coverage: Insufficient data to determine if MGNZ's debt is well covered by operating cash flow.
Interest Coverage: MGNZ earns more interest than it pays, so coverage of interest payments is not a concern.