Mercia Asset Management Balance Sheet Health
Financial Health criteria checks 6/6
Mercia Asset Management has a total shareholder equity of £202.4M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £220.0M and £17.6M respectively. Mercia Asset Management's EBIT is £1.7M making its interest coverage ratio -0.5. It has cash and short-term investments of £36.5M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -0.5x |
| Cash | UK£36.48m |
| Equity | UK£202.43m |
| Total liabilities | UK£17.56m |
| Total assets | UK£219.99m |
Recent financial health updates
No updates
Recent updates
Investors Still Waiting For A Pull Back In Mercia Asset Management PLC (LON:MERC)
Mar 14
Have Mercia Asset Management PLC (LON:MERC) Insiders Been Selling Their Stock?
Mar 07What Type Of Shareholders Make Up Mercia Asset Management PLC's (LON:MERC) Share Registry?
Feb 15Mercia Asset Management (LON:MERC) Share Prices Have Dropped 43% In The Last Five Years
Jan 20Financial Position Analysis
Short Term Liabilities: MERC's short term assets (£39.1M) exceed its short term liabilities (£11.0M).
Long Term Liabilities: MERC's short term assets (£39.1M) exceed its long term liabilities (£6.5M).
Debt to Equity History and Analysis
Debt Level: MERC is debt free.
Reducing Debt: MERC has not had any debt for past 5 years.
Debt Coverage: MERC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MERC has no debt, therefore coverage of interest payments is not a concern.