Mullen Group Balance Sheet Health
Financial Health criteria checks 2/6
Mullen Group has a total shareholder equity of CA$981.6M and total debt of CA$690.7M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CA$2.1B and CA$1.1B respectively. Mullen Group's EBIT is CA$213.1M making its interest coverage ratio 5.6. It has cash and short-term investments of CA$12.1M.
Key information
70.4%
Debt to equity ratio
CA$690.73m
Debt
| Interest coverage ratio | 5.6x |
| Cash | CA$12.09m |
| Equity | CA$981.63m |
| Total liabilities | CA$1.08b |
| Total assets | CA$2.06b |
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 14Here's Why Mullen Group (TSE:MTL) Has A Meaningful Debt Burden
Dec 16Recent updates
Mullen 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 14Is It Time To Consider Buying Mullen Group Ltd. (TSE:MTL)?
May 18Mullen Group's (TSE:MTL) Profits Appear To Have Quality Issues
Feb 16Here's Why Mullen Group (TSE:MTL) Has A Meaningful Debt Burden
Dec 16Here's Why I Think Mullen Group (TSE:MTL) Is An Interesting Stock
Oct 14Financial Position Analysis
Short Term Liabilities: MTL's short term assets (CA$399.1M) do not cover its short term liabilities (CA$510.8M).
Long Term Liabilities: MTL's short term assets (CA$399.1M) do not cover its long term liabilities (CA$565.8M).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: MTL's debt to equity ratio has increased from 57.2% to 70.4% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (40.7%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (5.6x coverage).