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).