mm2 Asia Balance Sheet Health

Financial Health criteria checks 4/6

mm2 Asia has a total shareholder equity of SGD102.2M and total debt of SGD238.7M, which brings its debt-to-equity ratio to 233.6%. Its total assets and total liabilities are SGD472.5M and SGD370.4M respectively. mm2 Asia's EBIT is SGD34.0M making its interest coverage ratio 2.5. It has cash and short-term investments of SGD35.6M.

Key information

233.6%

Debt to equity ratio

S$238.67m

Debt

Interest coverage ratio2.5x
CashS$35.57m
EquityS$102.16m
Total liabilitiesS$370.37m
Total assetsS$472.53m

Recent financial health updates

Recent updates

It's Down 27% But mm2 Asia Ltd. (SGX:1B0) Could Be Riskier Than It Looks

Feb 05
It's Down 27% But mm2 Asia Ltd. (SGX:1B0) Could Be Riskier Than It Looks

Here's Why mm2 Asia (SGX:1B0) Has A Meaningful Debt Burden

Jan 09
Here's Why mm2 Asia (SGX:1B0) Has A Meaningful Debt Burden

Is mm2 Asia (SGX:1B0) Weighed On By Its Debt Load?

May 17
Is mm2 Asia (SGX:1B0) Weighed On By Its Debt Load?

Is mm2 Asia (SGX:1B0) Using Debt Sensibly?

Feb 17
Is mm2 Asia (SGX:1B0) Using Debt Sensibly?

Is mm2 Asia (SGX:1B0) Weighed On By Its Debt Load?

Feb 08
Is mm2 Asia (SGX:1B0) Weighed On By Its Debt Load?

What Type Of Returns Would mm2 Asia's(SGX:1B0) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Jan 04
What Type Of Returns Would mm2 Asia's(SGX:1B0) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Here's What mm2 Asia Ltd.'s (SGX:1B0) Shareholder Ownership Structure Looks Like

Nov 30
Here's What mm2 Asia Ltd.'s (SGX:1B0) Shareholder Ownership Structure Looks Like

Financial Position Analysis

Short Term Liabilities: 1B0's short term assets (SGD270.4M) exceed its short term liabilities (SGD237.2M).

Long Term Liabilities: 1B0's short term assets (SGD270.4M) exceed its long term liabilities (SGD133.1M).


Debt to Equity History and Analysis

Debt Level: 1B0's net debt to equity ratio (198.8%) is considered high.

Reducing Debt: 1B0's debt to equity ratio has increased from 80.9% to 233.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 1B0 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 1B0 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.4% per year.


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