Mullen Group Balance Sheet Health
Financial Health criteria checks 3/6
Mullen Group has a total shareholder equity of CA$1.0B and total debt of CA$998.4M, which brings its debt-to-equity ratio to 98.4%. Its total assets and total liabilities are CA$2.6B and CA$1.6B respectively. Mullen Group's EBIT is CA$225.0M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$344.4M.
Key information
98.4%
Debt to equity ratio
CA$998.40m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CA$344.41m |
| Equity | CA$1.01b |
| Total liabilities | CA$1.56b |
| Total assets | CA$2.57b |
Recent financial health updates
Mullen Group (TSE:MTL) Has A Pretty Healthy Balance Sheet
Jun 14
Mullen Group (TSE:MTL) Has A Pretty Healthy Balance Sheet
Jan 10Mullen Group (TSE:MTL) Seems To Use Debt Quite Sensibly
Oct 05These 4 Measures Indicate That Mullen Group (TSE:MTL) Is Using Debt Reasonably Well
Jun 14Recent updates
Mullen Group (TSE:MTL) Has Announced A Dividend Of CA$0.06
May 28Mullen Group (TSE:MTL) Has Affirmed Its Dividend Of CA$0.06
Mar 24Mullen Group's (TSE:MTL) Dividend Will Be CA$0.06
Feb 26Mullen Group Ltd. (TSE:MTL) Just Released Its Full-Year Earnings: Here's What Analysts Think
Feb 18Mullen Group (TSE:MTL) Will Pay A Dividend Of CA$0.06
Jan 28Mullen Group (TSE:MTL) Is Experiencing Growth In Returns On Capital
Dec 15Mullen Group (TSE:MTL) Is Due To Pay A Dividend Of CA$0.06
Nov 28Mullen Group (TSE:MTL) Has Affirmed Its Dividend Of CA$0.06
Sep 26Mullen Group (TSE:MTL) Will Pay A Dividend Of CA$0.06
Aug 27Should You Be Adding Mullen Group (TSE:MTL) To Your Watchlist Today?
Aug 22Mullen Group's (TSE:MTL) Dividend Will Be CA$0.06
Jul 21Mullen Group (TSE:MTL) Has Affirmed Its Dividend Of CA$0.06
Jun 27Mullen Group (TSE:MTL) Has A Pretty Healthy Balance Sheet
Jun 14An Intrinsic Calculation For Mullen Group Ltd. (TSE:MTL) Suggests It's 40% Undervalued
Apr 27Mullen Group (TSE:MTL) Will Pay A Dividend Of CA$0.06
Mar 28Mullen Group (TSE:MTL) Is Paying Out A Dividend Of CA$0.06
Feb 25Mullen Group (TSE:MTL) Has Announced A Dividend Of CA$0.06
Jan 27Mullen Group (TSE:MTL) Has A Pretty Healthy Balance Sheet
Jan 10Mullen Group (TSE:MTL) Shareholders Will Want The ROCE Trajectory To Continue
Nov 25If EPS Growth Is Important To You, Mullen Group (TSE:MTL) Presents An Opportunity
Oct 21Mullen Group (TSE:MTL) Seems To Use Debt Quite Sensibly
Oct 05Is It Time To Consider Buying Mullen Group Ltd. (TSE:MTL)?
Sep 09Do Mullen Group's (TSE:MTL) Earnings Warrant Your Attention?
Jul 22These 4 Measures Indicate That Mullen Group (TSE:MTL) Is Using Debt Reasonably Well
Jun 14Financial Position Analysis
Short Term Liabilities: MTL's short term assets (CA$773.5M) exceed its short term liabilities (CA$476.7M).
Long Term Liabilities: MTL's short term assets (CA$773.5M) do not cover its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: MTL's debt to equity ratio has increased from 62.9% to 98.4% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (29%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (5.5x coverage).