Mitie Group Financial Health
How is Mitie Group's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MTO's short term assets (£1.0B) do not cover its short term liabilities (£1.1B).
Long Term Liabilities: MTO's short term assets (£1.0B) exceed its long term liabilities (£211.8M).
Debt to Equity History and Analysis
Debt Level: MTO's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: MTO's debt to equity ratio has reduced from 298.9% to 79.1% over the past 5 years.
Debt Coverage: MTO's debt is well covered by operating cash flow (36.6%).
Interest Coverage: MTO's interest payments on its debt are well covered by EBIT (6.4x coverage).