Tortilla Mexican Grill Balance Sheet Health
Financial Health criteria checks 3/6
Tortilla Mexican Grill has a total shareholder equity of £2.9M and total debt of £2.9M, which brings its debt-to-equity ratio to 102.2%. Its total assets and total liabilities are £51.4M and £48.5M respectively. Tortilla Mexican Grill's EBIT is £1.1M making its interest coverage ratio 0.6. It has cash and short-term investments of £1.6M.
Key information
102.2%
Debt to equity ratio
UK£2.95m
Debt
| Interest coverage ratio | 0.6x |
| Cash | UK£1.64m |
| Equity | UK£2.89m |
| Total liabilities | UK£48.52m |
| Total assets | UK£51.41m |
Recent financial health updates
No updates
Recent updates
Tortilla Mexican Grill (LON:MEX) Is Experiencing Growth In Returns On Capital
Apr 18
Returns At Tortilla Mexican Grill (LON:MEX) Are On The Way Up
Dec 21Are Investors Undervaluing Tortilla Mexican Grill plc (LON:MEX) By 45%?
Jan 10Estimating The Intrinsic Value Of Tortilla Mexican Grill plc (LON:MEX)
Oct 05Financial Position Analysis
Short Term Liabilities: MEX's short term assets (£5.1M) do not cover its short term liabilities (£15.4M).
Long Term Liabilities: MEX's short term assets (£5.1M) do not cover its long term liabilities (£33.1M).
Debt to Equity History and Analysis
Debt Level: MEX's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: MEX's debt to equity ratio has reduced from 1247.1% to 102.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MEX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MEX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.8% per year.