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Meggitt Balance Sheet Health

Financial Health criteria checks 4/6

Key information

33.5%

Debt to equity ratio

UK£789.20m

Debt

Interest coverage ratio4x
CashUK£105.20m
EquityUK£2.36b
Total liabilitiesUK£1.83b
Total assetsUK£4.19b

Recent financial health updates

Recent updates

Meggitt (LON:MGGT) Has A Somewhat Strained Balance Sheet

Aug 05
Meggitt (LON:MGGT) Has A Somewhat Strained Balance Sheet

Should You Think About Buying Meggitt PLC (LON:MGGT) Now?

Jun 20
Should You Think About Buying Meggitt PLC (LON:MGGT) Now?

Estimating The Intrinsic Value Of Meggitt PLC (LON:MGGT)

May 28
Estimating The Intrinsic Value Of Meggitt PLC (LON:MGGT)

Meggitt (LON:MGGT) Will Be Looking To Turn Around Its Returns

May 05
Meggitt (LON:MGGT) Will Be Looking To Turn Around Its Returns

Is Meggitt (LON:MGGT) Using Too Much Debt?

Apr 06
Is Meggitt (LON:MGGT) Using Too Much Debt?

Is Now The Time To Look At Buying Meggitt PLC (LON:MGGT)?

Mar 19
Is Now The Time To Look At Buying Meggitt PLC (LON:MGGT)?

What Type Of Returns Would Meggitt's(LON:MGGT) Shareholders Have Earned If They Purchased Their SharesYear Ago?

Mar 02
What Type Of Returns Would Meggitt's(LON:MGGT) Shareholders Have Earned If They Purchased Their SharesYear Ago?

Need To Know: Meggitt PLC (LON:MGGT) Insiders Have Been Buying Shares

Feb 08
Need To Know: Meggitt PLC (LON:MGGT) Insiders Have Been Buying Shares

An Intrinsic Calculation For Meggitt PLC (LON:MGGT) Suggests It's 22% Undervalued

Jan 18
An Intrinsic Calculation For Meggitt PLC (LON:MGGT) Suggests It's 22% Undervalued

These 4 Measures Indicate That Meggitt (LON:MGGT) Is Using Debt Reasonably Well

Dec 26
These 4 Measures Indicate That Meggitt (LON:MGGT) Is Using Debt Reasonably Well

At UK£4.39, Is It Time To Put Meggitt PLC (LON:MGGT) On Your Watch List?

Dec 11
At UK£4.39, Is It Time To Put Meggitt PLC (LON:MGGT) On Your Watch List?

What We Learned About Meggitt's (LON:MGGT) CEO Compensation

Nov 26
What We Learned About Meggitt's (LON:MGGT) CEO Compensation

Financial 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).


Balance Sheet


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