Me Lin Steel Balance Sheet Health
Financial Health criteria checks 2/6
Me Lin Steel has a total shareholder equity of ₫252.4B and total debt of ₫406.7B, which brings its debt-to-equity ratio to 161.1%. Its total assets and total liabilities are ₫691.5B and ₫439.1B respectively. Me Lin Steel's EBIT is ₫33.5B making its interest coverage ratio 1.2. It has cash and short-term investments of ₫7.3B.
Key information
161.1%
Debt to equity ratio
₫406.70b
Debt
Interest coverage ratio | 1.2x |
Cash | ₫7.35b |
Equity | ₫252.42b |
Total liabilities | ₫439.12b |
Total assets | ₫691.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEL's short term assets (₫616.9B) exceed its short term liabilities (₫436.5B).
Long Term Liabilities: MEL's short term assets (₫616.9B) exceed its long term liabilities (₫2.6B).
Debt to Equity History and Analysis
Debt Level: MEL's net debt to equity ratio (158.2%) is considered high.
Reducing Debt: Insufficient data to determine if MEL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MEL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MEL's interest payments on its debt are not well covered by EBIT (1.2x coverage).