Me Lin Steel Balance Sheet Health
Financial Health criteria checks 2/6
Me Lin Steel has a total shareholder equity of ₫255.2B and total debt of ₫388.7B, which brings its debt-to-equity ratio to 152.3%. Its total assets and total liabilities are ₫703.2B and ₫447.9B respectively. Me Lin Steel's EBIT is ₫29.1B making its interest coverage ratio 1.1. It has cash and short-term investments of ₫9.1B.
Key information
152.3%
Debt to equity ratio
₫388.66b
Debt
| Interest coverage ratio | 1.1x |
| Cash | ₫9.09b |
| Equity | ₫255.24b |
| Total liabilities | ₫447.95b |
| Total assets | ₫703.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEL's short term assets (₫632.5B) exceed its short term liabilities (₫445.2B).
Long Term Liabilities: MEL's short term assets (₫632.5B) exceed its long term liabilities (₫2.8B).
Debt to Equity History and Analysis
Debt Level: MEL's net debt to equity ratio (148.7%) 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 (1.1x coverage).