M.D.C. Holdings Balance Sheet Health
Financial Health criteria checks 6/6
M.D.C. Holdings has a total shareholder equity of $3.4B and total debt of $1.7B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are $5.6B and $2.3B respectively. M.D.C. Holdings's EBIT is $481.9M making its interest coverage ratio -6.8. It has cash and short-term investments of $1.5B.
Key information
50.3%
Debt to equity ratio
US$1.70b
Debt
Interest coverage ratio | -6.8x |
Cash | US$1.48b |
Equity | US$3.38b |
Total liabilities | US$2.25b |
Total assets | US$5.63b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDH's short term assets ($5.4B) exceed its short term liabilities ($744.2M).
Long Term Liabilities: MDH's short term assets ($5.4B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: MDH's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: MDH's debt to equity ratio has reduced from 71.1% to 50.3% over the past 5 years.
Debt Coverage: MDH's debt is well covered by operating cash flow (33.1%).
Interest Coverage: MDH earns more interest than it pays, so coverage of interest payments is not a concern.