M/I Homes Balance Sheet Health
Financial Health criteria checks 5/6
M/I Homes has a total shareholder equity of $2.8B and total debt of $930.1M, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are $4.5B and $1.6B respectively. M/I Homes's EBIT is $659.1M making its interest coverage ratio -15.7. It has cash and short-term investments of $723.0M.
Key information
32.7%
Debt to equity ratio
US$930.14m
Debt
| Interest coverage ratio | -15.7x |
| Cash | US$723.04m |
| Equity | US$2.85b |
| Total liabilities | US$1.61b |
| Total assets | US$4.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A8X's short term assets ($4.1B) exceed its short term liabilities ($538.7M).
Long Term Liabilities: 0A8X's short term assets ($4.1B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: 0A8X's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 0A8X's debt to equity ratio has reduced from 89% to 32.7% over the past 5 years.
Debt Coverage: 0A8X's debt is not well covered by operating cash flow (14%).
Interest Coverage: 0A8X earns more interest than it pays, so coverage of interest payments is not a concern.