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 £697.4M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are £8.7B and £5.6B respectively. Marks and Spencer Group's EBIT is £974.4M making its interest coverage ratio 9.5. It has cash and short-term investments of £780.4M.
Key information
23.0%
Debt to equity ratio
UK£697.40m
Debt
| Interest coverage ratio | 9.5x |
| Cash | UK£780.40m |
| Equity | UK£3.03b |
| Total liabilities | UK£5.65b |
| Total assets | UK£8.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MA6A's short term assets (£2.2B) do not cover its short term liabilities (£2.6B).
Long Term Liabilities: MA6A's short term assets (£2.2B) do not cover its long term liabilities (£3.0B).
Debt to Equity History and Analysis
Debt Level: MA6A has more cash than its total debt.
Reducing Debt: MA6A's debt to equity ratio has reduced from 57.6% to 23% over the past 5 years.
Debt Coverage: MA6A's debt is well covered by operating cash flow (174.3%).
Interest Coverage: MA6A's interest payments on its debt are well covered by EBIT (9.5x coverage).