Marks and Spencer Group Balance Sheet Health
Financial Health criteria checks 4/6
Marks and Spencer Group has a total shareholder equity of £3.0B and total debt of £690.1M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are £10.1B and £7.1B respectively. Marks and Spencer Group's EBIT is £446.2M making its interest coverage ratio 3.8. It has cash and short-term investments of £848.6M.
Key information
23.23%
Debt to equity ratio
UK£690.10m
Debt
| Interest coverage ratio | 3.8x |
| Cash | UK£848.60m |
| Equity | UK£2.97b |
| Total liabilities | UK£7.10b |
| Total assets | UK£10.07b |
Recent financial health updates
Here's Why Marks and Spencer Group (LON:MKS) Can Manage Its Debt Responsibly
Sep 24
Marks and Spencer Group (LON:MKS) Has A Pretty Healthy Balance Sheet
Jun 20Is Marks and Spencer Group (LON:MKS) A Risky Investment?
Feb 24Recent updates
Market Participants Recognise Marks and Spencer Group plc's (LON:MKS) Revenues
Nov 12Is Now The Time To Look At Buying Marks and Spencer Group plc (LON:MKS)?
Oct 09Here's Why Marks and Spencer Group (LON:MKS) Can Manage Its Debt Responsibly
Sep 24Marks and Spencer Group plc (LON:MKS) Not Lagging Market On Growth Or Pricing
Aug 14Marks and Spencer Group (LON:MKS) Is Looking To Continue Growing Its Returns On Capital
Jul 31Is Now An Opportune Moment To Examine Marks and Spencer Group plc (LON:MKS)?
Jul 04Marks and Spencer Group (LON:MKS) Has A Pretty Healthy Balance Sheet
Jun 20Marks and Spencer Group's (LON:MKS) Conservative Accounting Might Explain Soft Earnings
May 28Is There An Opportunity With Marks and Spencer Group plc's (LON:MKS) 31% Undervaluation?
May 14We Like These Underlying Return On Capital Trends At Marks and Spencer Group (LON:MKS)
Apr 23There's Reason For Concern Over Marks and Spencer Group plc's (LON:MKS) Price
Apr 08Is Marks and Spencer Group (LON:MKS) A Risky Investment?
Feb 24What Is Marks and Spencer Group plc's (LON:MKS) Share Price Doing?
Jan 28Marks and Spencer Group plc's (LON:MKS) Intrinsic Value Is Potentially 77% Above Its Share Price
Jan 14Marks and Spencer Group (LON:MKS) Is Doing The Right Things To Multiply Its Share Price
Jan 01
Digital Transformations And Decisive Expansions Set The Stage For Revenue Growth
Strategic store expansion and digital investment could boost revenue through improved retail presence and increased online sales.Financial Position Analysis
Short Term Liabilities: MKS's short term assets (£2.8B) do not cover its short term liabilities (£3.4B).
Long Term Liabilities: MKS's short term assets (£2.8B) do not cover its long term liabilities (£3.7B).
Debt to Equity History and Analysis
Debt Level: MKS has more cash than its total debt.
Reducing Debt: MKS's debt to equity ratio has reduced from 51.2% to 23.2% over the past 5 years.
Debt Coverage: MKS's debt is well covered by operating cash flow (156.9%).
Interest Coverage: MKS's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 12:15 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/27 |
| Annual Earnings | 2025/03/29 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Marks and Spencer Group plc is covered by 34 analysts. 13 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 |
|---|---|
| Karen Howland | Barclays |
| James Anstead | Barclays |
| Anne Critchlow | Berenberg |