CMG Holdings Group Balance Sheet Health
Financial Health criteria checks 3/6
CMG Holdings Group has a total shareholder equity of $611.4K and total debt of $787.0K, which brings its debt-to-equity ratio to 128.7%. Its total assets and total liabilities are $2.0M and $1.4M respectively.
Key information
128.7%
Debt to equity ratio
US$787.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$240.60k |
| Equity | US$611.36k |
| Total liabilities | US$1.38m |
| Total assets | US$1.99m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMGO's short term assets ($2.0M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: CMGO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMGO's net debt to equity ratio (89.4%) is considered high.
Reducing Debt: CMGO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: CMGO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if CMGO's interest payments on its debt are well covered by EBIT.