Mercantile Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
Mercantile Investment Trust has a total shareholder equity of £1.9B and total debt of £327.9M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are £2.2B and £347.2M respectively. Mercantile Investment Trust's EBIT is £89.3M making its interest coverage ratio 6.4. It has cash and short-term investments of £89.5M.
Key information
17.6%
Debt to equity ratio
UK£327.93m
Debt
Interest coverage ratio | 6.4x |
Cash | UK£89.53m |
Equity | UK£1.87b |
Total liabilities | UK£347.18m |
Total assets | UK£2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRC's short term assets (£97.1M) exceed its short term liabilities (£19.2M).
Long Term Liabilities: MRC's short term assets (£97.1M) do not cover its long term liabilities (£327.9M).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: MRC's debt to equity ratio has increased from 10.1% to 17.6% over the past 5 years.
Debt Coverage: MRC's debt is well covered by operating cash flow (21.3%).
Interest Coverage: MRC's interest payments on its debt are well covered by EBIT (6.4x coverage).