Morningstar Balance Sheet Health
Financial Health criteria checks 3/6
Morningstar has a total shareholder equity of $1.4B and total debt of $949.4M, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $3.4B and $2.0B respectively. Morningstar's EBIT is $298.7M making its interest coverage ratio 6. It has cash and short-term investments of $409.1M.
Key information
68.6%
Debt to equity ratio
US$949.40m
Debt
Interest coverage ratio | 6x |
Cash | US$409.10m |
Equity | US$1.38b |
Total liabilities | US$2.01b |
Total assets | US$3.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRS's short term assets ($830.6M) do not cover its short term liabilities ($846.8M).
Long Term Liabilities: MRS's short term assets ($830.6M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MRS's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: MRS's debt to equity ratio has increased from 3.1% to 68.6% over the past 5 years.
Debt Coverage: MRS's debt is well covered by operating cash flow (40.7%).
Interest Coverage: MRS's interest payments on its debt are well covered by EBIT (6x coverage).