Millennium Group International Holdings Limited
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Millennium Group International Holdings Limited's balance sheet done over the years? Its assets were worth $43,637,106 last year, which is less than in the previous period. 29% of Millennium Group International Holdings Limited’s total assets is currently financed by debt. Its liabilities reached the amount of $12,591,063, which means an decrease by -51% compared compared to last year.
Debt to Assets
| 2021 | 72703958 | 42.19M | 58.04% |
|---|---|---|---|
| 2022 | 66009799 | 25.92M | 39.27% |
| 2024 | 43637106 | 12.59M | 28.85% |
MGIH Balance Sheet (2020 – 2023)
| 2023 | 2021 | 2020 | |
|---|---|---|---|
Assets | |||
Current assets: | |||
Cash and cash equivalents | 13.34M | 18.84M | 20.66M |
Short term investments | 0 | 0 | 0 |
Net receivables | 9.81M | 18.10M | 20.47M |
Inventory | 3.71M | 9.81M | 9.69M |
Other current assets | 892.64K | 1.48M | 1.63M |
Total current assets | 27.76M | 48.26M | 52.48M |
Non-current assets: | |||
Property, Plant and Equipment | 11.26M | 14.89M | 17.47M |
Goodwill | 0 | 0 | 0 |
Intangible assets | 197.78K | 0 | 0 |
Long term investments | 0 | 0 | 0 |
Other non-current assets | 4.07M | 2.10M | 1.94M |
Total non-current assets | 15.87M | 17.74M | 20.22M |
Total assets | 43.63M | 66.00M | 72.70M |
Liabilities | |||
| Current liabilities: | |||
Accounts payable | |||
Deferred revenue | 63.00K | 74.23K | 18.81K |
Short term debt | 5.80M | 16.58M | 19.48M |
Total current liabilities | 12.13M | 25.77M | 41.28M |
| Non-current liabilities: | |||
Long term debt | 456.93K | 146.92K | 915.96K |
Deferred tax | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 |
Total non-current liabilities | 456.93K | 146.92K | 915.96K |
Total liabilities | 12.59M | 25.92M | 42.19M |
| Data source |