MCAN Mortgage Balance Sheet Health
Financial Health criteria checks 2/6
MCAN Mortgage has a total shareholder equity of CA$601.8M and total debt of CA$2.3B, which brings its debt-to-equity ratio to 379.5%. Its total assets and total liabilities are CA$5.2B and CA$4.6B respectively.
Key information
379.5%
Debt to equity ratio
CA$2.28b
Debt
| Interest coverage ratio | n/a |
| Cash | CA$89.21m |
| Equity | CA$601.84m |
| Total liabilities | CA$4.61b |
| Total assets | CA$5.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 885's short term assets (CA$4.9B) exceed its short term liabilities (CA$2.4B).
Long Term Liabilities: 885's short term assets (CA$4.9B) exceed its long term liabilities (CA$2.3B).
Debt to Equity History and Analysis
Debt Level: 885's net debt to equity ratio (364.7%) is considered high.
Reducing Debt: 885's debt to equity ratio has increased from 242.9% to 379.5% over the past 5 years.
Debt Coverage: 885's debt is not well covered by operating cash flow (5%).
Interest Coverage: Insufficient data to determine if 885's interest payments on its debt are well covered by EBIT.