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 117.8%. Its total assets and total liabilities are CA$3.4B and CA$2.0B respectively. Mainstreet Equity's EBIT is CA$133.3M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$46.4M.
Key information
117.8%
Debt to equity ratio
CA$1.65b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CA$46.42m |
| Equity | CA$1.41b |
| Total liabilities | CA$2.01b |
| 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$72.9M) do not cover its short term liabilities (CA$181.8M).
Long Term Liabilities: 9V4's short term assets (CA$72.9M) 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 (114.5%) is considered high.
Reducing Debt: 9V4's debt to equity ratio has reduced from 140.4% to 117.8% over the past 5 years.
Debt Coverage: 9V4's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: 9V4's interest payments on its debt are not well covered by EBIT (2.8x coverage).