McGrath RentCorp Balance Sheet Health
Financial Health criteria checks 3/6
McGrath RentCorp has a total shareholder equity of $954.2M and total debt of $794.3M, which brings its debt-to-equity ratio to 83.2%. Its total assets and total liabilities are $2.3B and $1.4B respectively. McGrath RentCorp's EBIT is $219.3M making its interest coverage ratio 4.5. It has cash and short-term investments of $9.4M.
Key information
83.2%
Debt to equity ratio
US$794.27m
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$9.40m |
| Equity | US$954.23m |
| Total liabilities | US$1.36b |
| Total assets | US$2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MG8's short term assets ($336.5M) exceed its short term liabilities ($182.1M).
Long Term Liabilities: MG8's short term assets ($336.5M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MG8's net debt to equity ratio (82.3%) is considered high.
Reducing Debt: MG8's debt to equity ratio has increased from 51% to 83.2% over the past 5 years.
Debt Coverage: MG8's debt is well covered by operating cash flow (20.5%).
Interest Coverage: MG8's interest payments on its debt are well covered by EBIT (4.5x coverage).