Melcor Developments Balance Sheet Health
Financial Health criteria checks 4/6
Melcor Developments has a total shareholder equity of CA$1.3B and total debt of CA$671.1M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CA$2.1B and CA$822.0M respectively. Melcor Developments's EBIT is CA$124.4M making its interest coverage ratio 4.9. It has cash and short-term investments of CA$36.1M.
Key information
53.0%
Debt to equity ratio
CA$671.08m
Debt
Interest coverage ratio | 4.9x |
Cash | CA$36.08m |
Equity | CA$1.27b |
Total liabilities | CA$822.02m |
Total assets | CA$2.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F7G's short term assets (CA$945.7M) exceed its short term liabilities (CA$85.0M).
Long Term Liabilities: F7G's short term assets (CA$945.7M) exceed its long term liabilities (CA$737.0M).
Debt to Equity History and Analysis
Debt Level: F7G's net debt to equity ratio (50.2%) is considered high.
Reducing Debt: F7G's debt to equity ratio has reduced from 58.4% to 53% over the past 5 years.
Debt Coverage: F7G's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: F7G's interest payments on its debt are well covered by EBIT (4.9x coverage).