Morgan Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Morgan Advanced Materials has a total shareholder equity of £398.6M and total debt of £309.7M, which brings its debt-to-equity ratio to 77.7%. Its total assets and total liabilities are £1.0B and £626.1M respectively. Morgan Advanced Materials's EBIT is £117.0M making its interest coverage ratio 8.3. It has cash and short-term investments of £124.5M.
Key information
77.7%
Debt to equity ratio
UK£309.70m
Debt
Interest coverage ratio | 8.3x |
Cash | UK£124.50m |
Equity | UK£398.60m |
Total liabilities | UK£626.10m |
Total assets | UK£1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCRU.F's short term assets (£493.9M) exceed its short term liabilities (£239.5M).
Long Term Liabilities: MCRU.F's short term assets (£493.9M) exceed its long term liabilities (£386.6M).
Debt to Equity History and Analysis
Debt Level: MCRU.F's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: MCRU.F's debt to equity ratio has reduced from 89.2% to 77.7% over the past 5 years.
Debt Coverage: MCRU.F's debt is well covered by operating cash flow (25.3%).
Interest Coverage: MCRU.F's interest payments on its debt are well covered by EBIT (8.3x coverage).