Mears Group Balance Sheet Health
Financial Health criteria checks 5/6
Mears Group has a total shareholder equity of £200.5M and total debt of £36.7M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are £700.0M and £499.6M respectively. Mears Group's EBIT is £52.8M making its interest coverage ratio 8.3. It has cash and short-term investments of £145.8M.
Key information
18.3%
Debt to equity ratio
UK£36.70m
Debt
Interest coverage ratio | 8.3x |
Cash | UK£145.85m |
Equity | UK£200.46m |
Total liabilities | UK£499.55m |
Total assets | UK£700.01m |
Recent financial health updates
Recent updates
Shareholders Will Be Pleased With The Quality of Mears Group's (LON:MER) Earnings
May 03Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 14Mears Group (LON:MER) Is Increasing Its Dividend To £0.037
Sep 22Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.037
Sep 08Mears Group's (LON:MER) Dividend Will Be Increased To £0.037
Aug 25Mears Group's (LON:MER) Dividend Will Be Increased To £0.037
Aug 06Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 02Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.0325
Aug 21Mears Group (LON:MER) Is Increasing Its Dividend To £0.0325
Aug 07Is Now An Opportune Moment To Examine Mears Group plc (LON:MER)?
Aug 17Here's Why Shareholders Should Examine Mears Group plc's (LON:MER) CEO Compensation Package More Closely
Jun 24Is Mears Group plc (LON:MER) Worth UK£1.8 Based On Its Intrinsic Value?
Mar 05What Type Of Returns Would Mears Group's(LON:MER) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?
Jan 29Here's Why We Think Mears Group's (LON:MER) Statutory Earnings Might Be Conservative
Dec 25Is Mears Group (LON:MER) Using Too Much Debt?
Dec 04Financial Position Analysis
Short Term Liabilities: MER's short term assets (£274.0M) do not cover its short term liabilities (£286.7M).
Long Term Liabilities: MER's short term assets (£274.0M) exceed its long term liabilities (£212.8M).
Debt to Equity History and Analysis
Debt Level: MER has more cash than its total debt.
Reducing Debt: MER's debt to equity ratio has reduced from 44.6% to 18.3% over the past 5 years.
Debt Coverage: MER's debt is well covered by operating cash flow (370.3%).
Interest Coverage: MER's interest payments on its debt are well covered by EBIT (8.3x coverage).