Magic Empire Global Balance Sheet Health
Financial Health criteria checks 6/6
Magic Empire Global has a total shareholder equity of HK$134.3M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$138.3M and HK$4.0M respectively.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | n/a |
| Cash | HK$92.41m |
| Equity | HK$134.27m |
| Total liabilities | HK$3.99m |
| Total assets | HK$138.26m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MEGL's short term assets (HK$96.3M) exceed its short term liabilities (HK$4.0M).
Long Term Liabilities: MEGL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MEGL is debt free.
Reducing Debt: MEGL had no debt 5 years ago.
Debt Coverage: MEGL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MEGL has no debt, therefore coverage of interest payments is not a concern.