MTY Food Group Balance Sheet Health
Financial Health criteria checks 3/6
MTY Food Group has a total shareholder equity of CA$836.1M and total debt of CA$690.4M, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are CA$2.6B and CA$1.7B respectively. MTY Food Group's EBIT is CA$176.2M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$51.8M.
Key information
82.6%
Debt to equity ratio
CA$690.36m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$51.76m |
| Equity | CA$836.08m |
| Total liabilities | CA$1.75b |
| Total assets | CA$2.59b |
Recent financial health updates
MTY Food Group (TSE:MTY) Has A Pretty Healthy Balance Sheet
Dec 21
Is MTY Food Group (TSE:MTY) Using Too Much Debt?
Aug 10Is MTY Food Group (TSE:MTY) Using Too Much Debt?
Apr 11We Think MTY Food Group (TSE:MTY) Can Stay On Top Of Its Debt
Jan 06Does MTY Food Group (TSE:MTY) Have A Healthy Balance Sheet?
Sep 21Does MTY Food Group (TSE:MTY) Have A Healthy Balance Sheet?
May 15Recent updates
Why We Think MTY Food Group Inc.'s (TSE:MTY) CEO Compensation Is Not Excessive At All
Apr 26Investors Don't See Light At End Of MTY Food Group Inc.'s (TSE:MTY) Tunnel
Apr 15MTY Food Group Inc. (TSE:MTY) Shares Could Be 47% Below Their Intrinsic Value Estimate
Feb 16Pinning Down MTY Food Group Inc.'s (TSE:MTY) P/E Is Difficult Right Now
Dec 20Is There An Opportunity With MTY Food Group Inc.'s (TSE:MTY) 27% Undervaluation?
Oct 13Return Trends At MTY Food Group (TSE:MTY) Aren't Appealing
Sep 13At CA$65.66, Is MTY Food Group Inc. (TSE:MTY) Worth Looking At Closely?
Jul 18A Look At The Fair Value Of MTY Food Group Inc. (TSE:MTY)
Jul 03MTY Food Group (TSE:MTY) Has Announced That It Will Be Increasing Its Dividend To CA$0.25
Apr 18Is Now The Time To Look At Buying MTY Food Group Inc. (TSE:MTY)?
Feb 09MTY Food Group's (TSE:MTY) Upcoming Dividend Will Be Larger Than Last Year's
Jan 21MTY Food Group (TSE:MTY) Has A Pretty Healthy Balance Sheet
Dec 21Is Now An Opportune Moment To Examine MTY Food Group Inc. (TSE:MTY)?
Oct 09Is MTY Food Group (TSE:MTY) Using Too Much Debt?
Aug 10Is MTY Food Group Inc. (TSE:MTY) Trading At A 34% Discount?
Jul 21Is It Too Late To Consider Buying MTY Food Group Inc. (TSE:MTY)?
Jul 08Is MTY Food Group (TSE:MTY) Using Too Much Debt?
Apr 11An Intrinsic Calculation For MTY Food Group Inc. (TSE:MTY) Suggests It's 38% Undervalued
Mar 21We Think MTY Food Group (TSE:MTY) Can Stay On Top Of Its Debt
Jan 06Does MTY Food Group (TSE:MTY) Have A Healthy Balance Sheet?
Sep 21Is MTY Food Group Inc. (TSE:MTY) Worth CA$63.5 Based On Its Intrinsic Value?
Jul 10Does MTY Food Group (TSE:MTY) Have A Healthy Balance Sheet?
May 15Calculating The Intrinsic Value Of MTY Food Group Inc. (TSE:MTY)
Mar 26Are Insiders Selling MTY Food Group Inc. (TSE:MTY) Stock?
Mar 05Financial Position Analysis
Short Term Liabilities: MTY's short term assets (CA$261.1M) do not cover its short term liabilities (CA$430.3M).
Long Term Liabilities: MTY's short term assets (CA$261.1M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: MTY's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: MTY's debt to equity ratio has reduced from 87.4% to 82.6% over the past 5 years.
Debt Coverage: MTY's debt is well covered by operating cash flow (30.3%).
Interest Coverage: MTY's interest payments on its debt are well covered by EBIT (3.1x coverage).