Millennium Group Corporation (Asia) Balance Sheet Health
Financial Health criteria checks 2/6
Millennium Group (Asia) has a total shareholder equity of THB3.7B and total debt of THB3.4B, which brings its debt-to-equity ratio to 90.9%. Its total assets and total liabilities are THB15.2B and THB11.4B respectively. Millennium Group (Asia)'s EBIT is THB612.5M making its interest coverage ratio 1.6. It has cash and short-term investments of THB1.1B.
Key information
90.9%
Debt to equity ratio
฿3.37b
Debt
Interest coverage ratio | 1.6x |
Cash | ฿1.07b |
Equity | ฿3.71b |
Total liabilities | ฿11.45b |
Total assets | ฿15.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGC's short term assets (THB6.2B) do not cover its short term liabilities (THB7.2B).
Long Term Liabilities: MGC's short term assets (THB6.2B) exceed its long term liabilities (THB4.3B).
Debt to Equity History and Analysis
Debt Level: MGC's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: Insufficient data to determine if MGC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGC's debt is well covered by operating cash flow (84.6%).
Interest Coverage: MGC's interest payments on its debt are not well covered by EBIT (1.6x coverage).