Mears Group Balance Sheet Health
Financial Health criteria checks 5/6
Mears Group has a total shareholder equity of £200.5M and total debt of £36.7M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are £700.0M and £499.6M respectively. Mears Group's EBIT is £52.8M making its interest coverage ratio 8.3. It has cash and short-term investments of £145.8M.
Key information
18.3%
Debt to equity ratio
UK£36.70m
Debt
Interest coverage ratio | 8.3x |
Cash | UK£145.85m |
Equity | UK£200.46m |
Total liabilities | UK£499.55m |
Total assets | UK£700.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MM7's short term assets (£274.0M) do not cover its short term liabilities (£286.7M).
Long Term Liabilities: MM7's short term assets (£274.0M) exceed its long term liabilities (£212.8M).
Debt to Equity History and Analysis
Debt Level: MM7 has more cash than its total debt.
Reducing Debt: MM7's debt to equity ratio has reduced from 44.6% to 18.3% over the past 5 years.
Debt Coverage: MM7's debt is well covered by operating cash flow (370.3%).
Interest Coverage: MM7's interest payments on its debt are well covered by EBIT (8.3x coverage).