Morgan Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Morgan Advanced Materials has a total shareholder equity of £412.3M and total debt of £338.9M, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are £1.1B and £642.1M respectively. Morgan Advanced Materials's EBIT is £139.1M making its interest coverage ratio 8.3. It has cash and short-term investments of £116.6M.
Key information
82.2%
Debt to equity ratio
UK£338.90m
Debt
| Interest coverage ratio | 8.3x |
| Cash | UK£116.60m |
| Equity | UK£412.30m |
| Total liabilities | UK£642.10m |
| Total assets | UK£1.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCRU.F's short term assets (£508.6M) exceed its short term liabilities (£232.2M).
Long Term Liabilities: MCRU.F's short term assets (£508.6M) exceed its long term liabilities (£409.9M).
Debt to Equity History and Analysis
Debt Level: MCRU.F's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: MCRU.F's debt to equity ratio has reduced from 91.5% to 82.2% over the past 5 years.
Debt Coverage: MCRU.F's debt is well covered by operating cash flow (38.2%).
Interest Coverage: MCRU.F's interest payments on its debt are well covered by EBIT (8.3x coverage).