Mainstreet Equity Balance Sheet Health
Financial Health criteria checks 1/6
Mainstreet Equity has a total shareholder equity of CA$1.5B and total debt of CA$1.6B, which brings its debt-to-equity ratio to 108.6%. Its total assets and total liabilities are CA$3.5B and CA$2.0B respectively. Mainstreet Equity's EBIT is CA$141.3M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$48.8M.
Key information
108.6%
Debt to equity ratio
CA$1.65b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$48.83m |
| Equity | CA$1.52b |
| Total liabilities | CA$1.97b |
| Total assets | CA$3.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9V4's short term assets (CA$76.6M) do not cover its short term liabilities (CA$186.0M).
Long Term Liabilities: 9V4's short term assets (CA$76.6M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: 9V4's net debt to equity ratio (105.4%) is considered high.
Reducing Debt: 9V4's debt to equity ratio has reduced from 134.5% to 108.6% over the past 5 years.
Debt Coverage: 9V4's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 9V4's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 04:35 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mainstreet Equity Corp. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Byrne | Acumen Capital Finance Partners Limited |
| Christopher Murray | ATB Capital Markets |
| Brendon Abrams | Canaccord Genuity |