M&G Balance Sheet Health
Financial Health criteria checks 3/6
M&G has a total shareholder equity of £3.7B and total debt of £8.1B, which brings its debt-to-equity ratio to 216.5%. Its total assets and total liabilities are £188.7B and £184.9B respectively. M&G's EBIT is £1.2B making its interest coverage ratio 3.6. It has cash and short-term investments of £5.4B.
Key information
216.5%
Debt to equity ratio
UK£8.09b
Debt
| Interest coverage ratio | 3.6x |
| Cash | UK£5.40b |
| Equity | UK£3.74b |
| Total liabilities | UK£184.94b |
| Total assets | UK£188.68b |
Recent financial health updates
No updates
Recent updates
M&G plc (LON:MNG) Passed Our Checks, And It's About To Pay A UK£0.12 Dividend
Mar 13
Are Insiders Buying M&G plc (LON:MNG) Stock?
Mar 08What You Need To Know About M&G plc's (LON:MNG) Investor Composition
Feb 01Here's How We Evaluate M&G plc's (LON:MNG) Dividend
Jan 05
Who Has Been Buying M&G plc (LON:MNG) Shares?
Dec 01Financial Position Analysis
Short Term Liabilities: MNG's short term assets (£29.5B) exceed its short term liabilities (£23.9B).
Long Term Liabilities: MNG's short term assets (£29.5B) do not cover its long term liabilities (£161.0B).
Debt to Equity History and Analysis
Debt Level: MNG's net debt to equity ratio (72.1%) is considered high.
Reducing Debt: MNG's debt to equity ratio has increased from 43.7% to 216.5% over the past 5 years.
Debt Coverage: MNG's debt is well covered by operating cash flow (21.6%).
Interest Coverage: MNG's interest payments on its debt are well covered by EBIT (3.6x coverage).