Mitchells & Butlers Balance Sheet Health
Financial Health criteria checks 2/6
Mitchells & Butlers has a total shareholder equity of £2.2B and total debt of £1.3B, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are £4.8B and £2.6B respectively. Mitchells & Butlers's EBIT is £288.0M making its interest coverage ratio 2.7. It has cash and short-term investments of £194.0M.
Key information
58.2%
Debt to equity ratio
UK£1.28b
Debt
| Interest coverage ratio | 2.7x |
| Cash | UK£194.00m |
| Equity | UK£2.20b |
| Total liabilities | UK£2.62b |
| Total assets | UK£4.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MABL's short term assets (£316.0M) do not cover its short term liabilities (£674.0M).
Long Term Liabilities: MABL's short term assets (£316.0M) do not cover its long term liabilities (£1.9B).
Debt to Equity History and Analysis
Debt Level: MABL's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: MABL's debt to equity ratio has reduced from 119.2% to 58.2% over the past 5 years.
Debt Coverage: MABL's debt is well covered by operating cash flow (27.6%).
Interest Coverage: MABL's interest payments on its debt are not well covered by EBIT (2.7x coverage).