Millennium Group Corporation (Asia) Balance Sheet Health
Financial Health criteria checks 2/6
Millennium Group (Asia) has a total shareholder equity of THB3.8B and total debt of THB3.4B, which brings its debt-to-equity ratio to 91.1%. Its total assets and total liabilities are THB14.6B and THB10.9B respectively. Millennium Group (Asia)'s EBIT is THB562.0M making its interest coverage ratio 1.3. It has cash and short-term investments of THB836.3M.
Key information
91.1%
Debt to equity ratio
฿3.43b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ฿836.31m |
| Equity | ฿3.77b |
| Total liabilities | ฿10.88b |
| Total assets | ฿14.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGC's short term assets (THB5.8B) do not cover its short term liabilities (THB6.9B).
Long Term Liabilities: MGC's short term assets (THB5.8B) exceed its long term liabilities (THB4.0B).
Debt to Equity History and Analysis
Debt Level: MGC's net debt to equity ratio (68.9%) 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 (70.5%).
Interest Coverage: MGC's interest payments on its debt are not well covered by EBIT (1.3x coverage).