Marks and Spencer Group Balance Sheet Health
Financial Health criteria checks 4/6
Marks and Spencer Group has a total shareholder equity of £3.0B and total debt of £1.4B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are £9.6B and £6.6B respectively. Marks and Spencer Group's EBIT is £691.9M making its interest coverage ratio 3.9. It has cash and short-term investments of £783.2M.
Key information
46.3%
Debt to equity ratio
UK£1.40b
Debt
Interest coverage ratio | 3.9x |
Cash | UK£783.20m |
Equity | UK£3.01b |
Total liabilities | UK£6.59b |
Total assets | UK£9.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MA6A's short term assets (£2.3B) do not cover its short term liabilities (£2.6B).
Long Term Liabilities: MA6A's short term assets (£2.3B) do not cover its long term liabilities (£4.0B).
Debt to Equity History and Analysis
Debt Level: MA6A's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: MA6A's debt to equity ratio has reduced from 74.2% to 46.3% over the past 5 years.
Debt Coverage: MA6A's debt is well covered by operating cash flow (73.5%).
Interest Coverage: MA6A's interest payments on its debt are well covered by EBIT (3.9x coverage).