This company listing is no longer active
This company may still be operating, however this listing is no longer active. Find out why through their latest events.
Meggitt Balance Sheet Health
Financial Health criteria checks 4/6
Key information
33.5%
Debt to equity ratio
UK£789.20m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£105.20m |
| Equity | UK£2.36b |
| Total liabilities | UK£1.83b |
| Total assets | UK£4.19b |
Recent financial health updates
Meggitt (LON:MGGT) Has A Somewhat Strained Balance Sheet
Aug 05
Is Meggitt (LON:MGGT) Using Too Much Debt?
Apr 06These 4 Measures Indicate That Meggitt (LON:MGGT) Is Using Debt Reasonably Well
Dec 26
Recent updates
Meggitt (LON:MGGT) Has A Somewhat Strained Balance Sheet
Aug 05Should You Think About Buying Meggitt PLC (LON:MGGT) Now?
Jun 20Estimating The Intrinsic Value Of Meggitt PLC (LON:MGGT)
May 28Meggitt (LON:MGGT) Will Be Looking To Turn Around Its Returns
May 05Is Meggitt (LON:MGGT) Using Too Much Debt?
Apr 06Is Now The Time To Look At Buying Meggitt PLC (LON:MGGT)?
Mar 19What Type Of Returns Would Meggitt's(LON:MGGT) Shareholders Have Earned If They Purchased Their SharesYear Ago?
Mar 02Need To Know: Meggitt PLC (LON:MGGT) Insiders Have Been Buying Shares
Feb 08An Intrinsic Calculation For Meggitt PLC (LON:MGGT) Suggests It's 22% Undervalued
Jan 18These 4 Measures Indicate That Meggitt (LON:MGGT) Is Using Debt Reasonably Well
Dec 26At UK£4.39, Is It Time To Put Meggitt PLC (LON:MGGT) On Your Watch List?
Dec 11What We Learned About Meggitt's (LON:MGGT) CEO Compensation
Nov 26Financial Position Analysis
Short Term Liabilities: MGGT's short term assets (£1.1B) exceed its short term liabilities (£549.3M).
Long Term Liabilities: MGGT's short term assets (£1.1B) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: MGGT's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: MGGT's debt to equity ratio has reduced from 48.6% to 33.5% over the past 5 years.
Debt Coverage: MGGT's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: MGGT's interest payments on its debt are well covered by EBIT (4x coverage).