Music Licensing Balance Sheet Health
Financial Health criteria checks 3/6
Music Licensing has a total shareholder equity of $49.6M and total debt of $12.3M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $62.3M and $12.7M respectively.
Key information
24.8%
Debt to equity ratio
US$12.31m
Debt
Interest coverage ratio | n/a |
Cash | US$415.00 |
Equity | US$49.58m |
Total liabilities | US$12.72m |
Total assets | US$62.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SONG's short term assets ($58.5M) exceed its short term liabilities ($410.3K).
Long Term Liabilities: SONG's short term assets ($58.5M) exceed its long term liabilities ($12.3M).
Debt to Equity History and Analysis
Debt Level: SONG's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: SONG's debt to equity ratio has increased from 0% to 24.8% over the past 5 years.
Debt Coverage: SONG's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: Insufficient data to determine if SONG's interest payments on its debt are well covered by EBIT.