McGrath RentCorp Balance Sheet Health
Financial Health criteria checks 2/6
McGrath RentCorp has a total shareholder equity of $943.0M and total debt of $798.6M, which brings its debt-to-equity ratio to 84.7%. Its total assets and total liabilities are $2.3B and $1.3B respectively. McGrath RentCorp's EBIT is $220.1M making its interest coverage ratio 4.8. It has cash and short-term investments of $1.9M.
Key information
84.7%
Debt to equity ratio
US$798.56m
Debt
Interest coverage ratio | 4.8x |
Cash | US$1.91m |
Equity | US$943.02m |
Total liabilities | US$1.32b |
Total assets | US$2.26b |
Recent financial health updates
We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt
Nov 23Is 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 13Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly
May 18Recent updates
WillScot'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 13McGrath RentCorp declares $0.455 dividend
Sep 15Is It Time To Consider Buying McGrath RentCorp (NASDAQ:MGRC)?
Sep 10Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 29%?
Aug 04McGrath RentCorp: An Attractive Play On Business-To-Business On Rental Equipment
Jun 01Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly
May 18Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 21%?
Apr 19Financial Position Analysis
Short Term Liabilities: MGRC's short term assets ($320.5M) exceed its short term liabilities ($152.9M).
Long Term Liabilities: MGRC's short term assets ($320.5M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MGRC's net debt to equity ratio (84.5%) is considered high.
Reducing Debt: MGRC's debt to equity ratio has increased from 49.9% to 84.7% over the past 5 years.
Debt Coverage: MGRC's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: MGRC's interest payments on its debt are well covered by EBIT (4.8x coverage).