Marks Electrical Group Balance Sheet Health
Financial Health criteria checks 6/6
Marks Electrical Group has a total shareholder equity of £12.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £41.7M and £29.5M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£6.68m |
| Equity | UK£12.16m |
| Total liabilities | UK£29.49m |
| Total assets | UK£41.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRK's short term assets (£36.0M) exceed its short term liabilities (£26.6M).
Long Term Liabilities: MRK's short term assets (£36.0M) exceed its long term liabilities (£2.9M).
Debt to Equity History and Analysis
Debt Level: MRK is debt free.
Reducing Debt: MRK has no debt compared to 5 years ago when its debt to equity ratio was 76.4%.
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.