Morguard Balance Sheet Health
Financial Health criteria checks 1/6
Morguard has a total shareholder equity of CA$4.6B and total debt of CA$5.7B, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are CA$11.5B and CA$7.0B respectively. Morguard's EBIT is CA$541.3M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$237.2M.
Key information
124.0%
Debt to equity ratio
CA$5.65b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$237.18m |
| Equity | CA$4.56b |
| Total liabilities | CA$6.98b |
| Total assets | CA$11.54b |
Recent financial health updates
Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load
Jan 11
Is Morguard (TSE:MRC) A Risky Investment?
May 24Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?
Feb 09
These 4 Measures Indicate That Morguard (TSE:MRC) Is Using Debt Extensively
Aug 11Recent updates
Revenues Working Against Morguard Corporation's (TSE:MRC) Share Price
Nov 29Why 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$359.8M) do not cover its short term liabilities (CA$1.5B).
Long Term Liabilities: MRC's short term assets (CA$359.8M) do not cover its long term liabilities (CA$5.5B).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (118.8%) is considered high.
Reducing Debt: MRC's debt to equity ratio has reduced from 139% to 124% over the past 5 years.
Debt Coverage: MRC's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: MRC's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 07:28 |
| End of Day Share Price | 2024/12/30 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Morguard 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 |
|---|---|
| Dean Wilkinson | CIBC Capital Markets |
| Matt Logan | RBC Capital Markets |
| Khing Shan | RBC Capital Markets |