Mears Group plc

LSE:MER Stock Report

Market Cap: UK£339.9m

Mears Group Balance Sheet Health

Financial Health criteria checks 5/6

Mears Group has a total shareholder equity of £190.0M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £686.8M and £496.8M respectively. Mears Group's EBIT is £62.9M making its interest coverage ratio 8.4. It has cash and short-term investments of £107.3M.

Key information

0%

Debt to equity ratio

UK£0

Debt

Interest coverage ratio8.4x
CashUK£107.26m
EquityUK£189.98m
Total liabilitiesUK£496.84m
Total assetsUK£686.82m

Recent financial health updates

Is Mears Group (LON:MER) Using Too Much Debt?

Dec 04
Is Mears Group (LON:MER) Using Too Much Debt?

Recent updates

Shareholders Will Be Pleased With The Quality of Mears Group's (LON:MER) Earnings

May 03
Shareholders Will Be Pleased With The Quality of Mears Group's (LON:MER) Earnings

Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Apr 14
Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mears Group (LON:MER) Is Increasing Its Dividend To £0.037

Sep 22
Mears Group (LON:MER) Is Increasing Its Dividend To £0.037

Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.037

Sep 08
Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.037

Mears Group's (LON:MER) Dividend Will Be Increased To £0.037

Aug 25
Mears Group's (LON:MER) Dividend Will Be Increased To £0.037

Mears Group's (LON:MER) Dividend Will Be Increased To £0.037

Aug 06
Mears Group's (LON:MER) Dividend Will Be Increased To £0.037

Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 02
Mears Group plc Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.0325

Aug 21
Mears Group (LON:MER) Has Announced That It Will Be Increasing Its Dividend To £0.0325

Mears Group (LON:MER) Is Increasing Its Dividend To £0.0325

Aug 07
Mears Group (LON:MER) Is Increasing Its Dividend To £0.0325

Is Now An Opportune Moment To Examine Mears Group plc (LON:MER)?

Aug 17
Is Now An Opportune Moment To Examine Mears Group plc (LON:MER)?

Here's Why Shareholders Should Examine Mears Group plc's (LON:MER) CEO Compensation Package More Closely

Jun 24
Here's Why Shareholders Should Examine Mears Group plc's (LON:MER) CEO Compensation Package More Closely

Is Mears Group plc (LON:MER) Worth UK£1.8 Based On Its Intrinsic Value?

Mar 05
Is Mears Group plc (LON:MER) Worth UK£1.8 Based On Its Intrinsic Value?

What Type Of Returns Would Mears Group's(LON:MER) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Jan 29
What Type Of Returns Would Mears Group's(LON:MER) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Here's Why We Think Mears Group's (LON:MER) Statutory Earnings Might Be Conservative

Dec 25
Here's Why We Think Mears Group's (LON:MER) Statutory Earnings Might Be Conservative

Is Mears Group (LON:MER) Using Too Much Debt?

Dec 04
Is Mears Group (LON:MER) Using Too Much Debt?

Financial Position Analysis

Short Term Liabilities: MER's short term assets (£241.2M) do not cover its short term liabilities (£276.1M).

Long Term Liabilities: MER's short term assets (£241.2M) exceed its long term liabilities (£220.7M).

Debt to Equity History and Analysis

Debt Level: MER is debt free.

Reducing Debt: MER has no debt compared to 5 years ago when its debt to equity ratio was 43.5%.

Debt Coverage: MER has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MER has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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