Metro Balance Sheet Health
Financial Health criteria checks 5/6
Metro has a total shareholder equity of CA$7.0B and total debt of CA$2.7B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CA$14.1B and CA$7.1B respectively. Metro's EBIT is CA$1.4B making its interest coverage ratio 9.7. It has cash and short-term investments of CA$29.4M.
Key information
38.0%
Debt to equity ratio
CA$2.67b
Debt
| Interest coverage ratio | 9.7x |
| Cash | CA$29.40m |
| Equity | CA$7.04b |
| Total liabilities | CA$7.10b |
| Total assets | CA$14.14b |
Recent financial health updates
These 4 Measures Indicate That Metro (TSE:MRU) Is Using Debt Reasonably Well
Oct 28
Here's Why Metro (TSE:MRU) Can Manage Its Debt Responsibly
Jun 28Is Metro (TSE:MRU) Using Too Much Debt?
Feb 26Is Metro (TSE:MRU) Using Too Much Debt?
Nov 03Does Metro (TSE:MRU) Have A Healthy Balance Sheet?
Jul 27Does Metro (TSE:MRU) Have A Healthy Balance Sheet?
Apr 22Recent updates
Return Trends At Metro (TSE:MRU) Aren't Appealing
Nov 15These 4 Measures Indicate That Metro (TSE:MRU) Is Using Debt Reasonably Well
Oct 28Estimating The Fair Value Of Metro Inc. (TSE:MRU)
Sep 04Earnings Update: Metro Inc. (TSE:MRU) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Aug 17Metro (TSE:MRU) Has More To Do To Multiply In Value Going Forward
Aug 02Do Metro's (TSE:MRU) Earnings Warrant Your Attention?
Jul 15Here's Why Metro (TSE:MRU) Can Manage Its Debt Responsibly
Jun 28A Look At The Intrinsic Value Of Metro Inc. (TSE:MRU)
May 29Returns Are Gaining Momentum At Metro (TSE:MRU)
Apr 17Getting In Cheap On Metro Inc. (TSE:MRU) Is Unlikely
Apr 01Is Metro (TSE:MRU) Using Too Much Debt?
Feb 26The CEO Of Metro Inc. (TSE:MRU) Might See A Pay Rise On The Horizon
Jan 24The Return Trends At Metro (TSE:MRU) Look Promising
Jan 17We Ran A Stock Scan For Earnings Growth And Metro (TSE:MRU) Passed With Ease
Jan 02Some Shareholders Feeling Restless Over Metro Inc.'s (TSE:MRU) P/E Ratio
Dec 18Estimating The Fair Value Of Metro Inc. (TSE:MRU)
Dec 01Is Metro (TSE:MRU) Using Too Much Debt?
Nov 03Returns At Metro (TSE:MRU) Are On The Way Up
Oct 19Metro (TSE:MRU) Ticks All The Boxes When It Comes To Earnings Growth
Sep 22Metro Inc. (TSE:MRU) Shares Could Be 43% Below Their Intrinsic Value Estimate
Aug 23Does Metro (TSE:MRU) Have A Healthy Balance Sheet?
Jul 27Slowing Rates Of Return At Metro (TSE:MRU) Leave Little Room For Excitement
Jul 11Here's Why We Think Metro (TSE:MRU) Is Well Worth Watching
Jun 13Are Investors Undervaluing Metro Inc. (TSE:MRU) By 21%?
May 17Does Metro (TSE:MRU) Have A Healthy Balance Sheet?
Apr 22Metro's (TSE:MRU) Upcoming Dividend Will Be Larger Than Last Year's
Jan 28Is Metro (TSE:MRU) A Risky Investment?
Jan 06With EPS Growth And More, Metro (TSE:MRU) Makes An Interesting Case
Nov 17Metro (TSE:MRU) Seems To Use Debt Quite Sensibly
Sep 07Estimating The Intrinsic Value Of Metro Inc. (TSE:MRU)
Aug 25Financial Position Analysis
Short Term Liabilities: MRU's short term assets (CA$2.5B) exceed its short term liabilities (CA$2.3B).
Long Term Liabilities: MRU's short term assets (CA$2.5B) do not cover its long term liabilities (CA$4.8B).
Debt to Equity History and Analysis
Debt Level: MRU's net debt to equity ratio (37.6%) is considered satisfactory.
Reducing Debt: MRU's debt to equity ratio has reduced from 44.2% to 38% over the past 5 years.
Debt Coverage: MRU's debt is well covered by operating cash flow (62.8%).
Interest Coverage: MRU's interest payments on its debt are well covered by EBIT (9.7x coverage).