Mall of Cyprus (MC) Balance Sheet Health

Financial Health criteria checks 3/6

Mall of Cyprus (MC) has a total shareholder equity of €120.8M and total debt of €85.3M, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are €228.5M and €107.8M respectively. Mall of Cyprus (MC)'s EBIT is €13.0M making its interest coverage ratio 3.2. It has cash and short-term investments of €6.8M.

Key information

70.6%

Debt to equity ratio

€85.25m

Debt

Interest coverage ratio	3.2x
Cash	€6.83m
Equity	€120.75m
Total liabilities	€107.76m
Total assets	€228.51m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ITTL's short term assets (€25.5M) exceed its short term liabilities (€10.9M).

Long Term Liabilities: ITTL's short term assets (€25.5M) do not cover its long term liabilities (€96.9M).

Debt to Equity History and Analysis

Debt Level: ITTL's net debt to equity ratio (64.9%) is considered high.

Reducing Debt: ITTL's debt to equity ratio has reduced from 111.4% to 70.6% over the past 5 years.

Debt Coverage: ITTL's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: ITTL's interest payments on its debt are well covered by EBIT (3.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/24 09:23
End of Day Share Price	2023/11/27 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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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Industry and Sector Metrics

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Analyst Sources

The Mall of Cyprus (MC) Plc is covered by 0 analysts. 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