Marston's Balance Sheet Health
Financial Health criteria checks 2/6
Marston's has a total shareholder equity of £601.5M and total debt of £1.2B, which brings its debt-to-equity ratio to 207.3%. Its total assets and total liabilities are £2.4B and £1.8B respectively. Marston's's EBIT is £146.7M making its interest coverage ratio 1.3. It has cash and short-term investments of £25.2M.
Key information
207.3%
Debt to equity ratio
UK£1.25b
Debt
| Interest coverage ratio | 1.3x |
| Cash | UK£25.20m |
| Equity | UK£601.50m |
| Total liabilities | UK£1.81b |
| Total assets | UK£2.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRTP.Y's short term assets (£74.5M) do not cover its short term liabilities (£509.6M).
Long Term Liabilities: MRTP.Y's short term assets (£74.5M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: MRTP.Y's net debt to equity ratio (203.1%) is considered high.
Reducing Debt: MRTP.Y's debt to equity ratio has increased from 197.6% to 207.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MRTP.Y has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRTP.Y is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/12 12:01 |
| End of Day Share Price | 2024/05/15 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Marston's PLC is covered by 31 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Julian Easthope | Barclays |
| Robert Chantry | Berenberg |
| Nicholas Thomas | BofA Global Research |