MCAN Mortgage Balance Sheet Health
Financial Health criteria checks 2/6
MCAN Mortgage has a total shareholder equity of CA$531.8M and total debt of CA$2.0B, which brings its debt-to-equity ratio to 372.6%. Its total assets and total liabilities are CA$4.7B and CA$4.2B respectively.
Key information
372.6%
Debt to equity ratio
CA$1.98b
Debt
| Interest coverage ratio | n/a |
| Cash | CA$60.54m |
| Equity | CA$531.84m |
| Total liabilities | CA$4.21b |
| Total assets | CA$4.74b |
Recent financial health updates
No updates
Recent updates
MCAN Mortgage (TSE:MKP) Has Announced A Dividend Of CA$0.36
Jun 03
Rainbows and Unicorns: The MCAN Mortgage Corporation (TSE:MKP) Analyst Just Became A Lot More Optimistic
May 12MCAN Mortgage's (TSE:MKP) Upcoming Dividend Will Be Larger Than Last Year's
Feb 26MCAN Mortgage's (TSE:MKP) Dividend Will Be CA$0.34
Nov 11MCAN Mortgage (TSE:MKP) Is Due To Pay A Dividend Of CA$0.34
Sep 05MCAN Mortgage (TSE:MKP) Will Pay A Dividend Of CA$0.34
Aug 16Did You Participate In Any Of MCAN Mortgage's (TSE:MKP) Fantastic 113% Return ?
Jan 08
Financial Position Analysis
Short Term Liabilities: MKP's short term assets (CA$4.5B) exceed its short term liabilities (CA$2.4B).
Long Term Liabilities: MKP's short term assets (CA$4.5B) exceed its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: MKP's net debt to equity ratio (361.2%) is considered high.
Reducing Debt: MKP's debt to equity ratio has increased from 292.8% to 372.6% over the past 5 years.
Debt Coverage: MKP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MKP's interest payments on its debt are well covered by EBIT.