Marks and Spencer Group Balance Sheet Health
Financial Health criteria checks 4/6
Marks and Spencer Group has a total shareholder equity of £2.8B and total debt of £1.0B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are £8.8B and £5.9B respectively. Marks and Spencer Group's EBIT is £830.9M making its interest coverage ratio 6.6. It has cash and short-term investments of £837.7M.
Key information
36.8%
Debt to equity ratio
UK£1.05b
Debt
Interest coverage ratio | 6.6x |
Cash | UK£837.70m |
Equity | UK£2.85b |
Total liabilities | UK£5.93b |
Total assets | UK£8.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAKS.Y's short term assets (£2.2B) do not cover its short term liabilities (£2.7B).
Long Term Liabilities: MAKS.Y's short term assets (£2.2B) do not cover its long term liabilities (£3.2B).
Debt to Equity History and Analysis
Debt Level: MAKS.Y's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: MAKS.Y's debt to equity ratio has reduced from 61.2% to 36.8% over the past 5 years.
Debt Coverage: MAKS.Y's debt is well covered by operating cash flow (115.7%).
Interest Coverage: MAKS.Y's interest payments on its debt are well covered by EBIT (6.6x coverage).