Mitie Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitie Group has a total shareholder equity of £418.5M and total debt of £147.8M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are £2.0B and £1.6B respectively. Mitie Group's EBIT is £192.0M making its interest coverage ratio 18.1. It has cash and short-term investments of £159.0M.
Key information
35.3%
Debt to equity ratio
UK£147.80m
Debt
| Interest coverage ratio | 18.1x |
| Cash | UK£159.00m |
| Equity | UK£418.50m |
| Total liabilities | UK£1.60b |
| Total assets | UK£2.02b |
Recent financial health updates
These 4 Measures Indicate That Mitie Group (LON:MTO) Is Using Debt Safely
Sep 25
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
Mitie Group (LON:MTO) Is Due To Pay A Dividend Of £0.013
Dec 08Mitie Group (LON:MTO) Is Due To Pay A Dividend Of £0.013
Nov 24Mitie Group plc (LON:MTO) Looks Inexpensive But Perhaps Not Attractive Enough
Nov 23Mitie Group plc's (LON:MTO) Intrinsic Value Is Potentially 76% Above Its Share Price
Nov 09Here's Why Mitie Group (LON:MTO) Has Caught The Eye Of Investors
Oct 15These 4 Measures Indicate That Mitie Group (LON:MTO) Is Using Debt Safely
Sep 25Is Now The Time To Look At Buying Mitie Group plc (LON:MTO)?
Sep 06An Intrinsic Calculation For Mitie Group plc (LON:MTO) Suggests It's 28% Undervalued
Jul 29Mitie Group's (LON:MTO) Upcoming Dividend Will Be Larger Than Last Year's
Jun 19Shareholders Will Be Pleased With The Quality of Mitie Group's (LON:MTO) Earnings
Jun 13Mitie Group plc (LON:MTO) Investors Are Less Pessimistic Than Expected
May 09Is 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 05Financial Position Analysis
Short Term Liabilities: MTO's short term assets (£1.1B) do not cover its short term liabilities (£1.2B).
Long Term Liabilities: MTO's short term assets (£1.1B) exceed its long term liabilities (£359.1M).
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 699.2% to 35.3% over the past 5 years.
Debt Coverage: MTO's debt is well covered by operating cash flow (136%).
Interest Coverage: MTO's interest payments on its debt are well covered by EBIT (18.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 13:23 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mitie Group plc is covered by 25 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jane Sparrow | Barclays |
| Joel Spungin | BofA Global Research |
| Helena Miles | BofA Global Research |