Medinex Balance Sheet Health
Financial Health criteria checks 5/6
Medinex has a total shareholder equity of SGD16.4M and total debt of SGD1.0M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are SGD20.1M and SGD3.7M respectively. Medinex's EBIT is SGD1.1M making its interest coverage ratio -4. It has cash and short-term investments of SGD4.8M.
Key information
6.3%
Debt to equity ratio
S$1.03m
Debt
| Interest coverage ratio | -4x |
| Cash | S$4.83m |
| Equity | S$16.43m |
| Total liabilities | S$3.66m |
| Total assets | S$20.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OTX's short term assets (SGD7.2M) exceed its short term liabilities (SGD2.5M).
Long Term Liabilities: OTX's short term assets (SGD7.2M) exceed its long term liabilities (SGD1.2M).
Debt to Equity History and Analysis
Debt Level: OTX has more cash than its total debt.
Reducing Debt: OTX's debt to equity ratio has increased from 0.02% to 6.3% over the past 5 years.
Debt Coverage: OTX's debt is well covered by operating cash flow (308.3%).
Interest Coverage: OTX earns more interest than it pays, so coverage of interest payments is not a concern.