Monro Balance Sheet Health
Financial Health criteria checks 3/6
Monro has a total shareholder equity of $651.9M and total debt of $62.0M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are $1.7B and $1.0B respectively. Monro's EBIT is $59.9M making its interest coverage ratio 3. It has cash and short-term investments of $20.9M.
Key information
9.5%
Debt to equity ratio
US$62.00m
Debt
| Interest coverage ratio | 3x |
| Cash | US$20.86m |
| Equity | US$651.94m |
| Total liabilities | US$1.03b |
| Total assets | US$1.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MR2's short term assets ($266.8M) do not cover its short term liabilities ($501.6M).
Long Term Liabilities: MR2's short term assets ($266.8M) do not cover its long term liabilities ($527.8M).
Debt to Equity History and Analysis
Debt Level: MR2's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: MR2's debt to equity ratio has reduced from 23% to 9.5% over the past 5 years.
Debt Coverage: MR2's debt is well covered by operating cash flow (185.6%).
Interest Coverage: MR2's interest payments on its debt are not well covered by EBIT (3x coverage).