M&G Balance Sheet Health
Financial Health criteria checks 3/6
M&G has a total shareholder equity of £4.1B and total debt of £8.1B, which brings its debt-to-equity ratio to 198.1%. Its total assets and total liabilities are £189.6B and £185.5B respectively. M&G's EBIT is £1.3B making its interest coverage ratio 3.6. It has cash and short-term investments of £5.6B.
Key information
198.1%
Debt to equity ratio
UK£8.09b
Debt
Interest coverage ratio | 3.6x |
Cash | UK£5.59b |
Equity | UK£4.08b |
Total liabilities | UK£185.54b |
Total assets | UK£189.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNGL's short term assets (£28.7B) exceed its short term liabilities (£24.5B).
Long Term Liabilities: MNGL's short term assets (£28.7B) do not cover its long term liabilities (£161.1B).
Debt to Equity History and Analysis
Debt Level: MNGL's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: MNGL's debt to equity ratio has increased from 45.7% to 198.1% over the past 5 years.
Debt Coverage: MNGL's debt is well covered by operating cash flow (24.9%).
Interest Coverage: MNGL's interest payments on its debt are well covered by EBIT (3.6x coverage).