Ming Shing Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Ming Shing Group Holdings has a total shareholder equity of $998.3K and total debt of $6.9M, which brings its debt-to-equity ratio to 686.4%. Its total assets and total liabilities are $11.9M and $10.9M respectively. Ming Shing Group Holdings's EBIT is $3.2M making its interest coverage ratio 11.3. It has cash and short-term investments of $1.1M.
Key information
686.4%
Debt to equity ratio
US$6.85m
Debt
| Interest coverage ratio | 11.3x |
| Cash | US$1.08m |
| Equity | US$998.26k |
| Total liabilities | US$10.89m |
| Total assets | US$11.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MSW's short term assets ($8.8M) exceed its short term liabilities ($7.7M).
Long Term Liabilities: MSW's short term assets ($8.8M) exceed its long term liabilities ($3.1M).
Debt to Equity History and Analysis
Debt Level: MSW's net debt to equity ratio (578.1%) is considered high.
Reducing Debt: Insufficient data to determine if MSW's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MSW's debt is well covered by operating cash flow (35.9%).
Interest Coverage: MSW's interest payments on its debt are well covered by EBIT (11.3x coverage).