McGrath RentCorp Balance Sheet Health
Financial Health criteria checks 3/6
McGrath RentCorp has a total shareholder equity of $1.1B and total debt of $608.6M, which brings its debt-to-equity ratio to 55.6%. Its total assets and total liabilities are $2.3B and $1.2B respectively. McGrath RentCorp's EBIT is $236.0M making its interest coverage ratio 4.7. It has cash and short-term investments of $4.1M.
Key information
55.6%
Debt to equity ratio
US$608.56m
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$4.06m |
| Equity | US$1.09b |
| Total liabilities | US$1.19b |
| Total assets | US$2.29b |
Recent financial health updates
We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt
Nov 23
Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Aug 11Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?
May 04Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Oct 13Recent updates
McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be $0.475
Sep 18McGrath RentCorp: Still In Play, Especially If Bullish On WillScot Mobile
Jun 28WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns
Jun 13WillScot's Offer Undervalues McGrath
Jan 31Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist?
Jan 03Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)
Dec 19A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)
Dec 06We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt
Nov 23Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Aug 11Here's Why We Think McGrath RentCorp (NASDAQ:MGRC) Is Well Worth Watching
Jul 24Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?
May 04Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Oct 13Financial Position Analysis
Short Term Liabilities: MGRC's short term assets ($318.2M) exceed its short term liabilities ($185.6M).
Long Term Liabilities: MGRC's short term assets ($318.2M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: MGRC's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: MGRC's debt to equity ratio has increased from 48.9% to 55.6% over the past 5 years.
Debt Coverage: MGRC's debt is well covered by operating cash flow (51.6%).
Interest Coverage: MGRC's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 07:18 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
McGrath RentCorp is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Samuel England | Berenberg |
| Daniel Moore | CJS Securities, Inc. |
| Joe Box | KeyBanc Capital Markets Inc. |