Morguard Balance Sheet Health
Financial Health criteria checks 1/6
Morguard has a total shareholder equity of CA$4.3B and total debt of CA$6.0B, which brings its debt-to-equity ratio to 138.8%. Its total assets and total liabilities are CA$11.6B and CA$7.3B respectively. Morguard's EBIT is CA$564.6M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$116.5M.
Key information
138.8%
Debt to equity ratio
CA$6.03b
Debt
Interest coverage ratio | 2.1x |
Cash | CA$116.52m |
Equity | CA$4.34b |
Total liabilities | CA$7.28b |
Total assets | CA$11.62b |
Recent financial health updates
Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load
Jan 11Is Morguard (TSE:MRC) A Risky Investment?
May 24Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?
Feb 09These 4 Measures Indicate That Morguard (TSE:MRC) Is Using Debt Extensively
Aug 11Recent updates
Why Morguard Corporation (TSE:MRC) Could Be Worth Watching
Jan 11What Is Morguard Corporation's (TSE:MRC) Share Price Doing?
Aug 17Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load
Jan 11Is Morguard (TSE:MRC) A Risky Investment?
May 24We Discuss Why Morguard Corporation's (TSE:MRC) CEO Compensation May Be Closely Reviewed
Apr 28Is There Now An Opportunity In Morguard Corporation (TSE:MRC)?
Mar 23What You Need To Know About Morguard Corporation's (TSE:MRC) Investor Composition
Feb 27Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?
Feb 09If You Had Bought Morguard's (TSE:MRC) Shares A Year Ago You Would Be Down 43%
Jan 14Are Morguard's (TSE:MRC) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 30When Should You Buy Morguard Corporation (TSE:MRC)?
Dec 17Have Insiders Sold Morguard Corporation (TSE:MRC) Shares Recently?
Dec 04Do Insiders Own Lots Of Shares In Morguard Corporation (TSE:MRC)?
Nov 24When Should You Buy Morguard Corporation (TSE:MRC)?
Sep 10Here's Why We Think Morguard's (TSE:MRC) Statutory Earnings Might Be Conservative
Aug 26These 4 Measures Indicate That Morguard (TSE:MRC) Is Using Debt Extensively
Aug 11How Much Is Morguard Corporation (TSE:MRC) Paying Its CEO?
Jul 27Investors Continue Waiting On Sidelines For Morguard Corporation (TSE:MRC)
Jul 13What Kind Of Shareholder Owns Most Morguard Corporation (TSE:MRC) Stock?
Jun 29Financial Position Analysis
Short Term Liabilities: MRC's short term assets (CA$605.9M) do not cover its short term liabilities (CA$2.0B).
Long Term Liabilities: MRC's short term assets (CA$605.9M) do not cover its long term liabilities (CA$5.3B).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (136.1%) is considered high.
Reducing Debt: MRC's debt to equity ratio has reduced from 139.3% to 138.8% over the past 5 years.
Debt Coverage: MRC's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: MRC's interest payments on its debt are not well covered by EBIT (2.1x coverage).