Mirvac Group Balance Sheet Health
Financial Health criteria checks 2/6
Mirvac Group has a total shareholder equity of A$9.4B and total debt of A$4.6B, which brings its debt-to-equity ratio to 49.1%. Its total assets and total liabilities are A$15.6B and A$6.2B respectively. Mirvac Group's EBIT is A$601.0M making its interest coverage ratio 3.1. It has cash and short-term investments of A$395.0M.
Key information
49.1%
Debt to equity ratio
AU$4.59b
Debt
| Interest coverage ratio | 3.1x |
| Cash | AU$395.00m |
| Equity | AU$9.35b |
| Total liabilities | AU$6.21b |
| Total assets | AU$15.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGR's short term assets (A$2.5B) exceed its short term liabilities (A$1.7B).
Long Term Liabilities: MGR's short term assets (A$2.5B) do not cover its long term liabilities (A$4.5B).
Debt to Equity History and Analysis
Debt Level: MGR's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: MGR's debt to equity ratio has increased from 35.8% to 49.1% over the past 5 years.
Debt Coverage: MGR's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: MGR's interest payments on its debt are well covered by EBIT (3.1x coverage).