Mainstreet Equity Balance Sheet Health
Financial Health criteria checks 1/6
Mainstreet Equity has a total shareholder equity of CA$1.4B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 119.6%. Its total assets and total liabilities are CA$3.4B and CA$2.0B respectively. Mainstreet Equity's EBIT is CA$126.3M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$164.6M.
Key information
119.6%
Debt to equity ratio
CA$1.70b
Debt
Interest coverage ratio | 2.7x |
Cash | CA$164.57m |
Equity | CA$1.42b |
Total liabilities | CA$2.00b |
Total assets | CA$3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9V4's short term assets (CA$193.2M) do not cover its short term liabilities (CA$232.2M).
Long Term Liabilities: 9V4's short term assets (CA$193.2M) 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 (108%) is considered high.
Reducing Debt: 9V4's debt to equity ratio has reduced from 134.8% to 119.6% over the past 5 years.
Debt Coverage: 9V4's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: 9V4's interest payments on its debt are not well covered by EBIT (2.7x coverage).