MPC Container Ships Balance Sheet Health
Financial Health criteria checks 6/6
MPC Container Ships has a total shareholder equity of $753.5M and total debt of $126.5M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are $954.7M and $201.3M respectively. MPC Container Ships's EBIT is $394.2M making its interest coverage ratio 33.3. It has cash and short-term investments of $119.5M.
Key information
16.8%
Debt to equity ratio
US$126.52m
Debt
Interest coverage ratio | 33.3x |
Cash | US$119.53m |
Equity | US$753.48m |
Total liabilities | US$201.26m |
Total assets | US$954.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MP2's short term assets ($181.5M) exceed its short term liabilities ($107.6M).
Long Term Liabilities: MP2's short term assets ($181.5M) exceed its long term liabilities ($93.7M).
Debt to Equity History and Analysis
Debt Level: MP2's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: MP2's debt to equity ratio has reduced from 53.9% to 16.8% over the past 5 years.
Debt Coverage: MP2's debt is well covered by operating cash flow (383.1%).
Interest Coverage: MP2's interest payments on its debt are well covered by EBIT (33.3x coverage).