MTY Food Group Balance Sheet Health
Financial Health criteria checks 1/6
MTY Food Group has a total shareholder equity of CA$816.6M and total debt of CA$736.2M, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are CA$2.7B and CA$1.8B respectively. MTY Food Group's EBIT is CA$177.5M making its interest coverage ratio 3. It has cash and short-term investments of CA$56.7M.
Key information
90.2%
Debt to equity ratio
CA$736.16m
Debt
Interest coverage ratio | 3x |
Cash | CA$56.74m |
Equity | CA$816.55m |
Total liabilities | CA$1.84b |
Total assets | CA$2.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTYF.F's short term assets (CA$272.3M) do not cover its short term liabilities (CA$445.9M).
Long Term Liabilities: MTYF.F's short term assets (CA$272.3M) do not cover its long term liabilities (CA$1.4B).
Debt to Equity History and Analysis
Debt Level: MTYF.F's net debt to equity ratio (83.2%) is considered high.
Reducing Debt: MTYF.F's debt to equity ratio has increased from 46.1% to 90.2% over the past 5 years.
Debt Coverage: MTYF.F's debt is well covered by operating cash flow (27.9%).
Interest Coverage: MTYF.F's interest payments on its debt are not well covered by EBIT (3x coverage).