Morgan Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Morgan Advanced Materials has a total shareholder equity of £412.3M and total debt of £338.9M, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are £1.1B and £642.1M respectively. Morgan Advanced Materials's EBIT is £139.1M making its interest coverage ratio 8.3. It has cash and short-term investments of £116.6M.
Key information
82.2%
Debt to equity ratio
UK£338.90m
Debt
| Interest coverage ratio | 8.3x |
| Cash | UK£116.60m |
| Equity | UK£412.30m |
| Total liabilities | UK£642.10m |
| Total assets | UK£1.05b |
Recent financial health updates
Here's Why Morgan Advanced Materials (LON:MGAM) Can Manage Its Debt Responsibly
Sep 07
Here's Why Morgan Advanced Materials (LON:MGAM) Has A Meaningful Debt Burden
Dec 20Does Morgan Advanced Materials (LON:MGAM) Have A Healthy Balance Sheet?
Jun 12These 4 Measures Indicate That Morgan Advanced Materials (LON:MGAM) Is Using Debt Reasonably Well
Sep 29These 4 Measures Indicate That Morgan Advanced Materials (LON:MGAM) Is Using Debt Reasonably Well
Oct 02Is Morgan Advanced Materials (LON:MGAM) Using Too Much Debt?
Apr 16Recent updates
Is Now An Opportune Moment To Examine Morgan Advanced Materials plc (LON:MGAM)?
Sep 23Here's Why Morgan Advanced Materials (LON:MGAM) Can Manage Its Debt Responsibly
Sep 07Morgan Advanced Materials (LON:MGAM) Is Due To Pay A Dividend Of £0.054
Aug 09Is There Now An Opportunity In Morgan Advanced Materials plc (LON:MGAM)?
May 24Here's What To Make Of Morgan Advanced Materials' (LON:MGAM) Decelerating Rates Of Return
Apr 25There May Be Reason For Hope In Morgan Advanced Materials' (LON:MGAM) Disappointing Earnings
Mar 20Here's Why Morgan Advanced Materials (LON:MGAM) Has A Meaningful Debt Burden
Dec 20Is It Too Late To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Nov 04Morgan Advanced Materials (LON:MGAM) Is Paying Out A Dividend Of £0.053
Sep 10Morgan Advanced Materials (LON:MGAM) Has Affirmed Its Dividend Of £0.053
Aug 27Morgan Advanced Materials (LON:MGAM) Will Pay A Dividend Of £0.053
Aug 08Does Morgan Advanced Materials (LON:MGAM) Have A Healthy Balance Sheet?
Jun 12A Look At The Fair Value Of Morgan Advanced Materials plc (LON:MGAM)
Feb 08Morgan Advanced Materials (LON:MGAM) Has More To Do To Multiply In Value Going Forward
Nov 05Morgan Advanced Materials' (LON:MGAM) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 18Morgan Advanced Materials (LON:MGAM) Is Increasing Its Dividend To £0.053
Oct 04These 4 Measures Indicate That Morgan Advanced Materials (LON:MGAM) Is Using Debt Reasonably Well
Sep 29Is It Time To Consider Buying Morgan Advanced Materials plc (LON:MGAM)?
Sep 08Morgan Advanced Materials' (LON:MGAM) Upcoming Dividend Will Be Larger Than Last Year's
Aug 07Should You Be Adding Morgan Advanced Materials (LON:MGAM) To Your Watchlist Today?
Jul 31Investors Met With Slowing Returns on Capital At Morgan Advanced Materials (LON:MGAM)
Jul 07Is There An Opportunity With Morgan Advanced Materials plc's (LON:MGAM) 37% Undervaluation?
May 24What Is Morgan Advanced Materials plc's (LON:MGAM) Share Price Doing?
Mar 29Estimating The Intrinsic Value Of Morgan Advanced Materials plc (LON:MGAM)
Feb 06Is There Now An Opportunity In Morgan Advanced Materials plc (LON:MGAM)?
Dec 25Morgan Advanced Materials' (LON:MGAM) Returns Have Hit A Wall
Dec 09Calculating The Intrinsic Value Of Morgan Advanced Materials plc (LON:MGAM)
Nov 07These 4 Measures Indicate That Morgan Advanced Materials (LON:MGAM) Is Using Debt Reasonably Well
Oct 02Should You Think About Buying Morgan Advanced Materials plc (LON:MGAM) Now?
Sep 17Estimating The Intrinsic Value Of Morgan Advanced Materials plc (LON:MGAM)
Jul 06Morgan Advanced Materials (LON:MGAM) Has More To Do To Multiply In Value Going Forward
Jun 02Is Morgan Advanced Materials (LON:MGAM) Using Too Much Debt?
Apr 16A Look At The Intrinsic Value Of Morgan Advanced Materials plc (LON:MGAM)
Mar 26What Is Morgan Advanced Materials plc's (LON:MGAM) Share Price Doing?
Mar 08Morgan Advanced Materials (LON:MGAM) Has Compensated Shareholders With A Respectable 68% Return On Their Investment
Jan 25Financial Position Analysis
Short Term Liabilities: MGAM's short term assets (£508.6M) exceed its short term liabilities (£232.2M).
Long Term Liabilities: MGAM's short term assets (£508.6M) exceed its long term liabilities (£409.9M).
Debt to Equity History and Analysis
Debt Level: MGAM's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: MGAM's debt to equity ratio has reduced from 91.5% to 82.2% over the past 5 years.
Debt Coverage: MGAM's debt is well covered by operating cash flow (38.2%).
Interest Coverage: MGAM's interest payments on its debt are well covered by EBIT (8.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 04:45 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Morgan Advanced Materials plc is covered by 30 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Blogg | Arbuthnot Securities Limited |
| Jonathan Hurn | Barclays |
| Robert Chantry | Berenberg |