MJ Gleeson Balance Sheet Health
Financial Health criteria checks 4/6
MJ Gleeson has a total shareholder equity of £287.2M and total debt of £18.7M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are £379.3M and £92.1M respectively. MJ Gleeson's EBIT is £25.5M making its interest coverage ratio 9. It has cash and short-term investments of £5.2M.
Key information
6.5%
Debt to equity ratio
UK£18.74m
Debt
Interest coverage ratio | 9x |
Cash | UK£5.16m |
Equity | UK£287.25m |
Total liabilities | UK£92.05m |
Total assets | UK£379.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLEl's short term assets (£367.3M) exceed its short term liabilities (£79.7M).
Long Term Liabilities: GLEl's short term assets (£367.3M) exceed its long term liabilities (£12.4M).
Debt to Equity History and Analysis
Debt Level: GLEl's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: GLEl's debt to equity ratio has increased from 0% to 6.5% over the past 5 years.
Debt Coverage: GLEl's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GLEl's interest payments on its debt are well covered by EBIT (9x coverage).