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$642.1M, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are CA$2.1B and CA$807.4M respectively. Melcor Developments's EBIT is CA$110.6M making its interest coverage ratio 3.8. It has cash and short-term investments of CA$42.0M.
Key information
50.7%
Debt to equity ratio
CA$642.08m
Debt
| Interest coverage ratio | 3.8x |
| Cash | CA$42.02m |
| Equity | CA$1.27b |
| Total liabilities | CA$807.39m |
| Total assets | CA$2.07b |
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
Melcor Developments (TSE:MRD) Has Announced A Dividend Of CA$0.11
Jun 06We 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 23Financial Position Analysis
Short Term Liabilities: MRD's short term assets (CA$959.1M) exceed its short term liabilities (CA$93.8M).
Long Term Liabilities: MRD's short term assets (CA$959.1M) exceed its long term liabilities (CA$713.6M).
Debt to Equity History and Analysis
Debt Level: MRD's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: MRD's debt to equity ratio has reduced from 59.9% to 50.7% over the past 5 years.
Debt Coverage: MRD's debt is not well covered by operating cash flow (10%).
Interest Coverage: MRD's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 14:07 |
| 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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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
Melcor Developments Ltd. is covered by 3 analysts. 0 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 |
|---|---|
| Jeffrey Roberts | Desjardins Securities Inc. |
| Nelson Mah | Laurentian Bank Securities, Inc. |
| Pammi Bir | RBC Capital Markets |