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$642.1M, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are CA$2.1B and CA$807.4M respectively. Melcor Developments's EBIT is CA$110.6M making its interest coverage ratio 3.8. It has cash and short-term investments of CA$42.0M.
Key information
50.7%
Debt to equity ratio
CA$642.08m
Debt
| Interest coverage ratio | 3.8x |
| Cash | CA$42.02m |
| Equity | CA$1.27b |
| Total liabilities | CA$807.39m |
| Total assets | CA$2.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F7G's short term assets (CA$959.1M) exceed its short term liabilities (CA$93.8M).
Long Term Liabilities: F7G's short term assets (CA$959.1M) exceed its long term liabilities (CA$713.6M).
Debt to Equity History and Analysis
Debt Level: F7G's net debt to equity ratio (47.4%) is considered high.
Reducing Debt: F7G's debt to equity ratio has reduced from 59.9% to 50.7% over the past 5 years.
Debt Coverage: F7G's debt is not well covered by operating cash flow (10%).
Interest Coverage: F7G's interest payments on its debt are well covered by EBIT (3.8x coverage).