Marston's Balance Sheet Health
Financial Health criteria checks 2/6
Marston's has a total shareholder equity of £601.5M and total debt of £1.2B, which brings its debt-to-equity ratio to 207.3%. Its total assets and total liabilities are £2.4B and £1.8B respectively. Marston's's EBIT is £146.7M making its interest coverage ratio 1.3. It has cash and short-term investments of £25.2M.
Key information
207.3%
Debt to equity ratio
UK£1.25b
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£25.20m |
| Equity | UK£601.50m |
| Total liabilities | UK£1.81b |
| Total assets | UK£2.41b |
Recent financial health updates
Marston's (LON:MARS) Takes On Some Risk With Its Use Of Debt
Jul 12
Marston's (LON:MARS) Has No Shortage Of Debt
Dec 15
Recent updates
Marston's PLC (LON:MARS) Surges 26% Yet Its Low P/S Is No Reason For Excitement
Jul 28Marston's (LON:MARS) Takes On Some Risk With Its Use Of Debt
Jul 12Is Now An Opportune Moment To Examine Marston's PLC (LON:MARS)?
Nov 04Marston's (LON:MARS) Has No Shortage Of Debt
Dec 15Is There An Opportunity With Marston's PLC's (LON:MARS) 40% Undervaluation?
Nov 27Financial Position Analysis
Short Term Liabilities: MARS's short term assets (£74.5M) do not cover its short term liabilities (£509.6M).
Long Term Liabilities: MARS's short term assets (£74.5M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: MARS's net debt to equity ratio (203.1%) is considered high.
Reducing Debt: MARS's debt to equity ratio has increased from 197.6% to 207.3% 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 MARS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MARS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.5% per year.