Mill City Ventures III Balance Sheet Health
Financial Health criteria checks 6/6
Mill City Ventures III has a total shareholder equity of $19.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $20.3M and $491.0K respectively. Mill City Ventures III's EBIT is $1.2M making its interest coverage ratio 3813.1. It has cash and short-term investments of $3.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 3813.1x |
| Cash | US$3.13m |
| Equity | US$19.85m |
| Total liabilities | US$490.99k |
| Total assets | US$20.34m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCVT's short term assets ($3.4M) exceed its short term liabilities ($429.0K).
Long Term Liabilities: MCVT's short term assets ($3.4M) exceed its long term liabilities ($62.0K).
Debt to Equity History and Analysis
Debt Level: MCVT is debt free.
Reducing Debt: MCVT had no debt 5 years ago.
Debt Coverage: MCVT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MCVT has no debt, therefore coverage of interest payments is not a concern.