Mears Group Balance Sheet Health

Financial Health criteria checks 5/6

Mears Group has a total shareholder equity of £200.5M and total debt of £36.7M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are £700.0M and £499.6M respectively. Mears Group's EBIT is £52.8M making its interest coverage ratio 8.3. It has cash and short-term investments of £145.8M.

Key information

18.3%

Debt to equity ratio

UK£36.70m

Debt

Interest coverage ratio	8.3x
Cash	UK£145.85m
Equity	UK£200.46m
Total liabilities	UK£499.55m
Total assets	UK£700.01m

Recent financial health updates

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

Dec 04

Recent updates

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

Apr 14

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

Sep 22

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

Sep 08

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

Aug 06

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

May 02

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

Aug 21

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

Aug 07

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

Aug 17

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

Jun 24

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

Mar 05

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

Jan 29

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

Dec 25

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

Dec 04

Financial Position Analysis

Short Term Liabilities: MER's short term assets (£274.0M) do not cover its short term liabilities (£286.7M).

Long Term Liabilities: MER's short term assets (£274.0M) exceed its long term liabilities (£212.8M).

Debt to Equity History and Analysis

Debt Level: MER has more cash than its total debt.

Reducing Debt: MER's debt to equity ratio has reduced from 44.6% to 18.3% over the past 5 years.

Debt Coverage: MER's debt is well covered by operating cash flow (370.3%).

Interest Coverage: MER's interest payments on its debt are well covered by EBIT (8.3x coverage).

Balance Sheet

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Mears Group Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

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

Recent updates

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

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Mears Group plc Recommends Final Dividend for the Year Ended 31 December 2023

Now 20% overvalued after recent price rise

Now 20% overvalued after recent price rise

Now 21% overvalued after recent price rise

Price target increased by 35% to UK£4.08

Mears Group plc Announces CEO Changes

Mears Group plc (LSE:MER) commences an Equity Buyback Plan for 11,103,647 shares, representing 10.08% of its issued share capital, under the authorization approved on June 23, 2023.

Upcoming dividend of UK£0.037 per share at 4.0% yield

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

Interim Independent Chairman recently bought UK£83k worth of stock

Mears Group plc Appoints Jim Clarke as Permanent Chairman

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

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

Mears Group plc Anticipates Revenues for the Full Year of 2023

Price target increased by 13% to UK£3.23

Less than half of directors are independent

Mears Group plc Announces Board Changes

Upcoming dividend of UK£0.072 per share at 3.6% yield

Mears Announces Board Changes

Mears Group plc to Report First Half, 2023 Results on Aug 03, 2023

Consensus EPS estimates increase by 14%

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

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Mears Group plc Announces Executive Changes

Mears Group plc Announces Chief Executive Officer Changes

Mears Group plc Announces Management Changes

Upcoming dividend of UK£0.033 per share

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

Mears Group plc (LSE:MER) acquired IRT Surveys Limited for £4.1 million.

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

First half 2022 earnings released

Mears Group plc Provides Revenue Guidance for the Year 2022

Mears Group plc to Report First Half, 2022 Results on Aug 04, 2022

Price target increased to UK£2.66

Price target decreased to UK£2.47

Upcoming dividend of UK£0.055 per share

Mears Group plc Approves Final Dividend for the Year 2021

CFO & Executive Director recently bought UK£51k worth of stock

Mears Group plc, Annual General Meeting, May 17, 2022

Now 20% undervalued

Full year 2021 earnings released: EPS: UK£0.12 (vs UK£0.11 loss in FY 2020)

Mears Group plc Proposes a Final Dividend for the Year 2021

Mears Group plc Provides Revenue Guidance for the Year 2021

Less than half of directors are independent

Mears Group plc Raises Earnings Guidance for the Year Ending December 31, 2021

Upcoming dividend of UK£0.025 per share

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

First half 2021 earnings released: EPS UK£0.042 (vs UK£0.11 loss in 1H 2020)

Mears Group plc Revises Earnings Guidance for the Full Year 2021

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

Full year 2020 earnings released: UK£0.11 loss per share (vs UK£0.19 profit in FY 2019)

Mears Group plc Provides Earnings Guidance for the Year 2021

Mears Provides Financial Guidance for the Second Half and Ended 31 December 2020

Price target increased to UK£2.23

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

New 90-day high: UK£1.67

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

New 90-day high: UK£1.64

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

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

Analysts lower EPS estimates to -UK£0.12

Price target raised to UK£1.89

Price target lowered to UK£1.44

Funds advised by Apse Capital Limited entered into a conditional agreement to acquire TerraQuest Solutions Limited from Mears Group plc (LSE:MER) for a maximum valuation of £72 million.

New 90-day low: UK£1.07

Cera Care Limited acquired England and Wales Domiciliary Care business of Mears Group plc (LSE:MER) for £5 million.

Cera Care Limited acquired Scotland Domiciliary Care business from Mears Group plc (LSE:MER) for £2.5 million.

Mears Group plc to Report First Half, 2020 Results on Aug 18, 2020

Financial Position Analysis

Debt to Equity History and Analysis