Mitie Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitie Group has a total shareholder equity of £473.7M and total debt of £147.5M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are £1.9B and £1.5B respectively. Mitie Group's EBIT is £178.4M making its interest coverage ratio 21. It has cash and short-term investments of £244.9M.
Key information
31.1%
Debt to equity ratio
UK£147.50m
Debt
| Interest coverage ratio | 21x |
| Cash | UK£244.90m |
| Equity | UK£473.70m |
| Total liabilities | UK£1.45b |
| Total assets | UK£1.93b |
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 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 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 (£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 (£327.6M).
Debt to Equity History and Analysis
Debt Level: MTO has more cash than its total debt.
Reducing Debt: MTO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MTO's debt is well covered by operating cash flow (134%).
Interest Coverage: MTO's interest payments on its debt are well covered by EBIT (21x coverage).