MCAN Mortgage Balance Sheet Health
Financial Health criteria checks 2/6
MCAN Mortgage has a total shareholder equity of CA$601.8M and total debt of CA$2.3B, which brings its debt-to-equity ratio to 379.5%. Its total assets and total liabilities are CA$5.2B and CA$4.6B respectively.
Key information
379.5%
Debt to equity ratio
CA$2.28b
Debt
| Interest coverage ratio | n/a |
| Cash | CA$89.21m |
| Equity | CA$601.84m |
| Total liabilities | CA$4.61b |
| Total assets | CA$5.21b |
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 16Financial Position Analysis
Short Term Liabilities: MKP's short term assets (CA$4.9B) exceed its short term liabilities (CA$2.4B).
Long Term Liabilities: MKP's short term assets (CA$4.9B) exceed its long term liabilities (CA$2.3B).
Debt to Equity History and Analysis
Debt Level: MKP's net debt to equity ratio (364.7%) is considered high.
Reducing Debt: MKP's debt to equity ratio has increased from 242.9% to 379.5% over the past 5 years.
Debt Coverage: MKP's debt is not well covered by operating cash flow (5%).
Interest Coverage: Insufficient data to determine if MKP's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MCAN Mortgage Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Etienne Ricard | BMO Capital Markets Equity Research |
| Zachary Weisbrod | Canaccord Genuity |
| Shubha Khan | National Bank Financial |