MTY Food Group Balance Sheet Health
Financial Health criteria checks 2/6
MTY Food Group has a total shareholder equity of CA$831.2M and total debt of CA$733.0M, which brings its debt-to-equity ratio to 88.2%. Its total assets and total liabilities are CA$2.6B and CA$1.8B respectively. MTY Food Group's EBIT is CA$177.5M making its interest coverage ratio 3. It has cash and short-term investments of CA$57.1M.
Key information
88.2%
Debt to equity ratio
CA$733.01m
Debt
| Interest coverage ratio | 3x |
| Cash | CA$57.09m |
| Equity | CA$831.16m |
| Total liabilities | CA$1.81b |
| Total assets | CA$2.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9MF's short term assets (CA$277.4M) do not cover its short term liabilities (CA$434.3M).
Long Term Liabilities: 9MF's short term assets (CA$277.4M) do not cover its long term liabilities (CA$1.4B).
Debt to Equity History and Analysis
Debt Level: 9MF's net debt to equity ratio (81.3%) is considered high.
Reducing Debt: 9MF's debt to equity ratio has increased from 82.7% to 88.2% over the past 5 years.
Debt Coverage: 9MF's debt is well covered by operating cash flow (26.5%).
Interest Coverage: 9MF's interest payments on its debt are well covered by EBIT (3x coverage).