Mitie Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitie Group has a total shareholder equity of £411.6M and total debt of £147.4M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are £1.8B and £1.4B respectively. Mitie Group's EBIT is £147.5M making its interest coverage ratio 20.5. It has cash and short-term investments of £180.2M.
Key information
35.8%
Debt to equity ratio
UK£147.40m
Debt
Interest coverage ratio | 20.5x |
Cash | UK£180.20m |
Equity | UK£411.60m |
Total liabilities | UK£1.37b |
Total assets | UK£1.78b |
Recent financial health updates
Mitie Group (LON:MTO) Could Easily Take On More Debt
Sep 18Here's Why Mitie Group (LON:MTO) Can Manage Its Debt Responsibly
Mar 04Mitie Group (LON:MTO) Seems To Use Debt Quite Sensibly
Jul 13Does Mitie Group (LON:MTO) Have A Healthy Balance Sheet?
Jan 05Recent updates
Is Now An Opportune Moment To Examine Mitie Group plc (LON:MTO)?
Jan 25Mitie Group (LON:MTO) Has Announced A Dividend Of £0.01
Dec 11Mitie Group (LON:MTO) Is Due To Pay A Dividend Of £0.01
Nov 26An Intrinsic Calculation For Mitie Group plc (LON:MTO) Suggests It's 42% Undervalued
Nov 03Is It Too Late To Consider Buying Mitie Group plc (LON:MTO)?
Oct 12Mitie Group (LON:MTO) Could Easily Take On More Debt
Sep 18Mitie Group's (LON:MTO) Upcoming Dividend Will Be Larger Than Last Year's
Jun 11Should You Investigate Mitie Group plc (LON:MTO) At UK£0.91?
May 24A Look At The Intrinsic Value Of Mitie Group plc (LON:MTO)
Mar 22Here's Why Mitie Group (LON:MTO) Can Manage Its Debt Responsibly
Mar 04Is Mitie Group plc (LON:MTO) Potentially Undervalued?
Feb 14Mitie Group plc (LON:MTO) Shares Could Be 31% Below Their Intrinsic Value Estimate
Dec 10Mitie Group plc's (LON:MTO) Intrinsic Value Is Potentially 65% Above Its Share Price
Aug 03Mitie Group (LON:MTO) Seems To Use Debt Quite Sensibly
Jul 13What Is Mitie Group plc's (LON:MTO) Share Price Doing?
May 04Is Now The Time To Look At Buying Mitie Group plc (LON:MTO)?
Jan 25Does Mitie Group (LON:MTO) Have A Healthy Balance Sheet?
Jan 05Is Mitie Group plc (LON:MTO) Potentially Undervalued?
Jun 09Investors Aren't Buying Mitie Group plc's (LON:MTO) Earnings
May 05Is Mitie Group plc (LON:MTO) Potentially Undervalued?
Mar 03Financial Position Analysis
Short Term Liabilities: MTO's short term assets (£964.1M) do not cover its short term liabilities (£1.0B).
Long Term Liabilities: MTO's short term assets (£964.1M) exceed its long term liabilities (£333.4M).
Debt to Equity History and Analysis
Debt Level: MTO has more cash than its total debt.
Reducing Debt: MTO's debt to equity ratio has reduced from 133350% to 35.8% over the past 5 years.
Debt Coverage: MTO's debt is well covered by operating cash flow (95.6%).
Interest Coverage: MTO's interest payments on its debt are well covered by EBIT (20.5x coverage).