MYR Group Balance Sheet Health
Financial Health criteria checks 6/6
MYR Group has a total shareholder equity of $663.7M and total debt of $37.9M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are $1.6B and $919.8M respectively. MYR Group's EBIT is $121.5M making its interest coverage ratio 25.9. It has cash and short-term investments of $3.9M.
Key information
5.7%
Debt to equity ratio
US$37.93m
Debt
Interest coverage ratio | 25.9x |
Cash | US$3.91m |
Equity | US$663.72m |
Total liabilities | US$919.77m |
Total assets | US$1.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MYP's short term assets ($1.0B) exceed its short term liabilities ($732.4M).
Long Term Liabilities: MYP's short term assets ($1.0B) exceed its long term liabilities ($187.4M).
Debt to Equity History and Analysis
Debt Level: MYP's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: MYP's debt to equity ratio has reduced from 33.2% to 5.7% over the past 5 years.
Debt Coverage: MYP's debt is well covered by operating cash flow (109.5%).
Interest Coverage: MYP's interest payments on its debt are well covered by EBIT (25.9x coverage).