Mirvac Group Balance Sheet Health
Financial Health criteria checks 1/6
Mirvac Group has a total shareholder equity of A$10.2B and total debt of A$4.8B, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are A$16.5B and A$6.3B respectively. Mirvac Group's EBIT is A$487.0M making its interest coverage ratio 2.7. It has cash and short-term investments of A$227.0M.
Key information
47.3%
Debt to equity ratio
AU$4.81b
Debt
Interest coverage ratio | 2.7x |
Cash | AU$227.00m |
Equity | AU$10.17b |
Total liabilities | AU$6.32b |
Total assets | AU$16.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJB's short term assets (A$2.8B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: MJB's short term assets (A$2.8B) do not cover its long term liabilities (A$5.1B).
Debt to Equity History and Analysis
Debt Level: MJB's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: MJB's debt to equity ratio has increased from 41.6% to 47.3% over the past 5 years.
Debt Coverage: MJB's debt is not well covered by operating cash flow (3.5%).
Interest Coverage: MJB's interest payments on its debt are not well covered by EBIT (2.7x coverage).