MHP Balance Sheet Health
Financial Health criteria checks 5/6
MHP has a total shareholder equity of $1.6B and total debt of $1.6B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are $3.9B and $2.4B respectively. MHP's EBIT is $457.8M making its interest coverage ratio 3.2. It has cash and short-term investments of $446.0M.
Key information
102.9%
Debt to equity ratio
US$1.61b
Debt
Interest coverage ratio | 3.2x |
Cash | US$446.00m |
Equity | US$1.57b |
Total liabilities | US$2.36b |
Total assets | US$3.93b |
Financial Position Analysis
Short Term Liabilities: MHPC's short term assets ($1.6B) exceed its short term liabilities ($986.0M).
Long Term Liabilities: MHPC's short term assets ($1.6B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MHPC's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: MHPC's debt to equity ratio has reduced from 127.6% to 102.9% over the past 5 years.
Debt Coverage: MHPC's debt is well covered by operating cash flow (25%).
Interest Coverage: MHPC's interest payments on its debt are well covered by EBIT (3.2x coverage).