Melrose Industries Balance Sheet Health
Financial Health criteria checks 2/6
Melrose Industries has a total shareholder equity of £3.6B and total debt of £630.0M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are £6.9B and £3.4B respectively. Melrose Industries's EBIT is £56.0M making its interest coverage ratio 1. It has cash and short-term investments of £58.0M.
Key information
17.7%
Debt to equity ratio
UK£630.00m
Debt
Interest coverage ratio | 1x |
Cash | UK£58.00m |
Equity | UK£3.57b |
Total liabilities | UK£3.36b |
Total assets | UK£6.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLSP.F's short term assets (£1.3B) do not cover its short term liabilities (£1.5B).
Long Term Liabilities: MLSP.F's short term assets (£1.3B) do not cover its long term liabilities (£1.8B).
Debt to Equity History and Analysis
Debt Level: MLSP.F's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: MLSP.F's debt to equity ratio has reduced from 45.6% to 17.7% over the past 5 years.
Debt Coverage: MLSP.F's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: MLSP.F's interest payments on its debt are not well covered by EBIT (1x coverage).