Melcor Developments Balance Sheet Health
Financial Health criteria checks 4/6
Melcor Developments has a total shareholder equity of CA$1.3B and total debt of CA$670.2M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CA$2.1B and CA$834.1M respectively. Melcor Developments's EBIT is CA$119.4M making its interest coverage ratio 4.9. It has cash and short-term investments of CA$46.0M.
Key information
53.0%
Debt to equity ratio
CA$670.17m
Debt
| Interest coverage ratio | 4.9x |
| Cash | CA$46.00m |
| Equity | CA$1.26b |
| Total liabilities | CA$834.10m |
| Total assets | CA$2.10b |
Recent financial health updates
Melcor Developments (TSE:MRD) Takes On Some Risk With Its Use Of Debt
Jan 05
Melcor Developments (TSE:MRD) Has A Somewhat Strained Balance Sheet
May 11These 4 Measures Indicate That Melcor Developments (TSE:MRD) Is Using Debt Extensively
May 05Is Melcor Developments (TSE:MRD) Using Too Much Debt?
Jan 07Recent updates
We Think You Can Look Beyond Melcor Developments' (TSE:MRD) Lackluster Earnings
Mar 20Melcor Developments (TSE:MRD) Takes On Some Risk With Its Use Of Debt
Jan 05Melcor Developments' (TSE:MRD) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 18Melcor Developments (TSE:MRD) Has A Somewhat Strained Balance Sheet
May 11Melcor Developments (TSE:MRD) Will Pay A Larger Dividend Than Last Year At CA$0.14
Mar 23What Does Melcor Developments Ltd.'s (TSE:MRD) Share Price Indicate?
Mar 05Melcor Developments' (TSE:MRD) Upcoming Dividend Will Be Larger Than Last Year's
Nov 14Melcor Developments' (TSE:MRD) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 09Here's Why It's Unlikely That Melcor Developments Ltd.'s (TSE:MRD) CEO Will See A Pay Rise This Year
May 14These 4 Measures Indicate That Melcor Developments (TSE:MRD) Is Using Debt Extensively
May 05What To Know Before Buying Melcor Developments Ltd. (TSE:MRD) For Its Dividend
Mar 16Who Has Been Buying Melcor Developments Ltd. (TSE:MRD) Shares?
Feb 26We Think Melcor Developments' (TSE:MRD) Statutory Profit Might Understate Its Earnings Potential
Feb 08
Is Melcor Developments (TSE:MRD) Using Too Much Debt?
Jan 07Could The Melcor Developments Ltd. (TSE:MRD) Ownership Structure Tell Us Something Useful?
Dec 23Melcor Developments Ltd. (TSE:MRD) Goes Ex-Dividend Soon
Dec 10How Much Is Melcor Developments Ltd. (TSE:MRD) CEO Getting Paid?
Dec 07Trade Alert: The Chairman Of Melcor Developments Ltd. (TSE:MRD), Timothy Melton, Has Just Spent CA$348k Buying 2.5% More Shares
Nov 22Financial Position Analysis
Short Term Liabilities: MRD's short term assets (CA$967.1M) exceed its short term liabilities (CA$95.1M).
Long Term Liabilities: MRD's short term assets (CA$967.1M) exceed its long term liabilities (CA$739.0M).
Debt to Equity History and Analysis
Debt Level: MRD's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: MRD's debt to equity ratio has reduced from 56.6% to 53% over the past 5 years.
Debt Coverage: MRD's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: MRD's interest payments on its debt are well covered by EBIT (4.9x coverage).