Mitie Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitie Group has a total shareholder equity of £411.6M and total debt of £147.4M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are £1.8B and £1.4B respectively. Mitie Group's EBIT is £147.5M making its interest coverage ratio 20.5. It has cash and short-term investments of £180.2M.
Key information
35.8%
Debt to equity ratio
UK£147.40m
Debt
Interest coverage ratio | 20.5x |
Cash | UK£180.20m |
Equity | UK£411.60m |
Total liabilities | UK£1.37b |
Total assets | UK£1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MZ4's short term assets (£964.1M) do not cover its short term liabilities (£1.0B).
Long Term Liabilities: MZ4's short term assets (£964.1M) exceed its long term liabilities (£333.4M).
Debt to Equity History and Analysis
Debt Level: MZ4 has more cash than its total debt.
Reducing Debt: MZ4's debt to equity ratio has reduced from 133350% to 35.8% over the past 5 years.
Debt Coverage: MZ4's debt is well covered by operating cash flow (95.6%).
Interest Coverage: MZ4's interest payments on its debt are well covered by EBIT (20.5x coverage).