Mainstreet Equity Balance Sheet Health
Financial Health criteria checks 1/6
Mainstreet Equity has a total shareholder equity of CA$1.4B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 117.8%. Its total assets and total liabilities are CA$3.4B and CA$2.0B respectively. Mainstreet Equity's EBIT is CA$133.3M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$46.4M.
Key information
117.8%
Debt to equity ratio
CA$1.65b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$46.42m |
| Equity | CA$1.41b |
| Total liabilities | CA$2.01b |
| Total assets | CA$3.42b |
Recent financial health updates
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
Jun 18
We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt
Jul 05Is Mainstreet Equity (TSE:MEQ) A Risky Investment?
Feb 01Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
Sep 23Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
May 04Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt
Nov 24
Recent updates
Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?
Nov 15Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?
Aug 16Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts
Jul 26Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
Jun 18Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching
Apr 12Mainstreet Equity Corp.'s (TSE:MEQ) Low P/E No Reason For Excitement
Mar 11Additional Considerations Required While Assessing Mainstreet Equity's (TSE:MEQ) Strong Earnings
Feb 13Results: Mainstreet Equity Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates
Feb 09We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt
Jul 05Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$136?
May 12Is Mainstreet Equity (TSE:MEQ) A Risky Investment?
Feb 01Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
Sep 23At CA$120, Is Mainstreet Equity Corp. (TSE:MEQ) Worth Looking At Closely?
Aug 31What Is Mainstreet Equity Corp.'s (TSE:MEQ) Share Price Doing?
May 11Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?
Aug 25Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?
May 04Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?
Apr 12It's Unlikely That Mainstreet Equity Corp.'s (TSE:MEQ) CEO Will See A Huge Pay Rise This Year
Mar 06Can You Imagine How Jubilant Mainstreet Equity's (TSE:MEQ) Shareholders Feel About Its 151% Share Price Gain?
Feb 19Boasting A 7.9% Return On Equity, Is Mainstreet Equity Corp. (TSE:MEQ) A Top Quality Stock?
Feb 04Did Mainstreet Equity Corp. (TSE:MEQ) Insiders Sell Shares?
Jan 22At CA$74.57, Is It Time To Put Mainstreet Equity Corp. (TSE:MEQ) On Your Watch List?
Jan 07We Wouldn't Rely On Mainstreet Equity's (TSE:MEQ) Statutory Earnings As A Guide
Dec 23What Percentage Of Mainstreet Equity Corp. (TSE:MEQ) Shares Do Insiders Own?
Dec 09Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt
Nov 24Financial Position Analysis
Short Term Liabilities: MEQ's short term assets (CA$72.9M) do not cover its short term liabilities (CA$181.8M).
Long Term Liabilities: MEQ's short term assets (CA$72.9M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: MEQ's net debt to equity ratio (114.5%) is considered high.
Reducing Debt: MEQ's debt to equity ratio has reduced from 140.4% to 117.8% over the past 5 years.
Debt Coverage: MEQ's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: MEQ's interest payments on its debt are not well covered by EBIT (2.8x coverage).