Meritage Hospitality Group Balance Sheet Health
Financial Health criteria checks 1/6
Meritage Hospitality Group has a total shareholder equity of $122.0M and total debt of $210.9M, which brings its debt-to-equity ratio to 172.8%. Its total assets and total liabilities are $816.9M and $694.9M respectively. Meritage Hospitality Group's EBIT is $17.8M making its interest coverage ratio 1.5. It has cash and short-term investments of $19.4M.
Key information
172.8%
Debt to equity ratio
US$210.90m
Debt
Interest coverage ratio | 1.5x |
Cash | US$19.43m |
Equity | US$122.04m |
Total liabilities | US$694.87m |
Total assets | US$816.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHGU's short term assets ($34.1M) do not cover its short term liabilities ($118.4M).
Long Term Liabilities: MHGU's short term assets ($34.1M) do not cover its long term liabilities ($576.4M).
Debt to Equity History and Analysis
Debt Level: MHGU's net debt to equity ratio (156.9%) is considered high.
Reducing Debt: MHGU's debt to equity ratio has reduced from 329.8% to 172.8% over the past 5 years.
Debt Coverage: MHGU's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: MHGU's interest payments on its debt are not well covered by EBIT (1.5x coverage).