MJ Gleeson Balance Sheet Health
Financial Health criteria checks 6/6
MJ Gleeson has a total shareholder equity of £297.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £378.0M and £80.3M respectively. MJ Gleeson's EBIT is £28.6M making its interest coverage ratio 8.8. It has cash and short-term investments of £12.9M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 8.8x |
| Cash | UK£12.93m |
| Equity | UK£297.74m |
| Total liabilities | UK£80.31m |
| Total assets | UK£378.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLEl's short term assets (£368.2M) exceed its short term liabilities (£63.6M).
Long Term Liabilities: GLEl's short term assets (£368.2M) exceed its long term liabilities (£16.7M).
Debt to Equity History and Analysis
Debt Level: GLEl is debt free.
Reducing Debt: GLEl had no debt 5 years ago.
Debt Coverage: GLEl has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GLEl has no debt, therefore coverage of interest payments is not a concern.