MHP Balance Sheet Health
Financial Health criteria checks 4/6
MHP has a total shareholder equity of $1.5B and total debt of $1.5B, which brings its debt-to-equity ratio to 100.1%. Its total assets and total liabilities are $3.8B and $2.3B respectively. MHP's EBIT is $371.8M making its interest coverage ratio 3.2. It has cash and short-term investments of $390.0M.
Key information
100.1%
Debt to equity ratio
US$1.54b
Debt
Interest coverage ratio | 3.2x |
Cash | US$390.00m |
Equity | US$1.54b |
Total liabilities | US$2.30b |
Total assets | US$3.83b |
Financial Position Analysis
Short Term Liabilities: MHPC's short term assets ($1.5B) exceed its short term liabilities ($725.0M).
Long Term Liabilities: MHPC's short term assets ($1.5B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: MHPC's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: MHPC's debt to equity ratio has reduced from 139.3% to 100.1% over the past 5 years.
Debt Coverage: MHPC's debt is well covered by operating cash flow (28.9%).
Interest Coverage: MHPC's interest payments on its debt are well covered by EBIT (3.2x coverage).