Morguard Balance Sheet Health
Financial Health criteria checks 1/6
Morguard has a total shareholder equity of CA$4.5B and total debt of CA$5.6B, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are CA$11.4B and CA$6.9B respectively. Morguard's EBIT is CA$553.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$138.5M.
Key information
124.0%
Debt to equity ratio
CA$5.58b
Debt
Interest coverage ratio | 2.1x |
Cash | CA$138.55m |
Equity | CA$4.50b |
Total liabilities | CA$6.88b |
Total assets | CA$11.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 74S's short term assets (CA$313.4M) do not cover its short term liabilities (CA$1.6B).
Long Term Liabilities: 74S's short term assets (CA$313.4M) do not cover its long term liabilities (CA$5.3B).
Debt to Equity History and Analysis
Debt Level: 74S's net debt to equity ratio (120.9%) is considered high.
Reducing Debt: 74S's debt to equity ratio has reduced from 138.1% to 124% over the past 5 years.
Debt Coverage: 74S's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: 74S's interest payments on its debt are not well covered by EBIT (2.1x coverage).