MRM Balance Sheet Health
Financial Health criteria checks 3/6
MRM has a total shareholder equity of €118.2M and total debt of €126.6M, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are €250.7M and €132.5M respectively. MRM's EBIT is €8.9M making its interest coverage ratio 1.8. It has cash and short-term investments of €2.6M.
Key information
107.1%
Debt to equity ratio
€126.59m
Debt
| Interest coverage ratio | 1.8x |
| Cash | €2.62m |
| Equity | €118.17m |
| Total liabilities | €132.49m |
| Total assets | €250.66m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MRM's short term assets (€17.9M) exceed its short term liabilities (€14.2M).
Long Term Liabilities: MRM's short term assets (€17.9M) do not cover its long term liabilities (€118.3M).
Debt to Equity History and Analysis
Debt Level: MRM's net debt to equity ratio (104.9%) is considered high.
Reducing Debt: MRM's debt to equity ratio has increased from 74.8% to 107.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MRM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.7% per year.