Mission Group Balance Sheet Health
Financial Health criteria checks 3/6
Mission Group has a total shareholder equity of £76.5M and total debt of £20.0M, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are £163.6M and £87.1M respectively. Mission Group's EBIT is £3.7M making its interest coverage ratio 1.5. It has cash and short-term investments of £4.6M.
Key information
26.2%
Debt to equity ratio
UK£19.99m
Debt
| Interest coverage ratio | 1.5x |
| Cash | UK£4.63m |
| Equity | UK£76.45m |
| Total liabilities | UK£87.14m |
| Total assets | UK£163.59m |
Recent financial health updates
Mission Group (LON:TMG) Seems To Be Using A Lot Of Debt
Mar 30
We Think Mission Group (LON:TMG) Is Taking Some Risk With Its Debt
Oct 04Here's Why Mission Group (LON:TMG) Can Manage Its Debt Responsibly
Jun 29Mission Group (LON:TMG) Seems To Use Debt Quite Sensibly
Apr 03Here's Why Mission Group (LON:TMG) Has A Meaningful Debt Burden
Jun 10Recent updates
Lacklustre Performance Is Driving The Mission Group plc's (LON:TMG) Low P/S
Jun 06Mission Group (LON:TMG) Seems To Be Using A Lot Of Debt
Mar 30The Mission Group plc (LON:TMG) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
Jan 17Mission Group (LON:TMG) Will Want To Turn Around Its Return Trends
Nov 26We Think Mission Group (LON:TMG) Is Taking Some Risk With Its Debt
Oct 04The Returns At Mission Group (LON:TMG) Aren't Growing
Aug 25Here's Why Mission Group (LON:TMG) Can Manage Its Debt Responsibly
Jun 29Why The Mission Group plc (LON:TMG) Could Be Worth Watching
Jan 14Is It Time To Consider Buying The Mission Group plc (LON:TMG)?
Oct 01Is It Time To Consider Buying The Mission Group plc (LON:TMG)?
May 12Mission Group (LON:TMG) Seems To Use Debt Quite Sensibly
Apr 03Returns On Capital At Mission Group (LON:TMG) Paint A Concerning Picture
Jan 22Here's Why Mission Group (LON:TMG) Has A Meaningful Debt Burden
Jun 10What Do The Returns On Capital At Mission Group (LON:TMG) Tell Us?
Mar 10How Much Of The Mission Group plc (LON:TMG) Do Insiders Own?
Feb 09
Is Now An Opportune Moment To Examine The Mission Group plc (LON:TMG)?
Jan 20The Mission Group (LON:TMG) Share Price Has Gained 47% And Shareholders Are Hoping For More
Dec 21Should You Be Impressed By Mission Group's (LON:TMG) Returns on Capital?
Dec 03Financial Position Analysis
Short Term Liabilities: TMG's short term assets (£52.7M) exceed its short term liabilities (£47.2M).
Long Term Liabilities: TMG's short term assets (£52.7M) exceed its long term liabilities (£40.0M).
Debt to Equity History and Analysis
Debt Level: TMG's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: TMG's debt to equity ratio has increased from 11.3% to 26.2% over the past 5 years.
Debt Coverage: TMG's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: TMG's interest payments on its debt are not well covered by EBIT (1.5x coverage).