Marks Electrical Group Balance Sheet Health
Financial Health criteria checks 6/6
Marks Electrical Group has a total shareholder equity of £14.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £35.4M and £21.1M respectively. Marks Electrical Group's EBIT is £5.3M making its interest coverage ratio -57.8. It has cash and short-term investments of £10.9M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -57.8x |
| Cash | UK£10.90m |
| Equity | UK£14.27m |
| Total liabilities | UK£21.08m |
| Total assets | UK£35.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRK's short term assets (£29.9M) exceed its short term liabilities (£20.3M).
Long Term Liabilities: MRK's short term assets (£29.9M) exceed its long term liabilities (£830.0K).
Debt to Equity History and Analysis
Debt Level: MRK is debt free.
Reducing Debt: MRK had no debt 5 years ago.
Debt Coverage: MRK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MRK has no debt, therefore coverage of interest payments is not a concern.