CMG Holdings Group Balance Sheet Health
Financial Health criteria checks 3/6
CMG Holdings Group has a total shareholder equity of $537.7K and total debt of $787.0K, which brings its debt-to-equity ratio to 146.4%. Its total assets and total liabilities are $1.9M and $1.3M respectively.
Key information
146.4%
Debt to equity ratio
US$787.00k
Debt
Interest coverage ratio | n/a |
Cash | US$174.63k |
Equity | US$537.75k |
Total liabilities | US$1.32m |
Total assets | US$1.86m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMGO's short term assets ($1.9M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: CMGO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CMGO's net debt to equity ratio (113.9%) 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.