MTY Food Group Balance Sheet Health
Financial Health criteria checks 3/6
MTY Food Group has a total shareholder equity of CA$836.1M and total debt of CA$690.4M, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are CA$2.6B and CA$1.7B respectively. MTY Food Group's EBIT is CA$176.2M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$51.8M.
Key information
82.6%
Debt to equity ratio
CA$690.36m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$51.76m |
| Equity | CA$836.08m |
| Total liabilities | CA$1.75b |
| Total assets | CA$2.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTYF.F's short term assets (CA$261.1M) do not cover its short term liabilities (CA$430.3M).
Long Term Liabilities: MTYF.F's short term assets (CA$261.1M) do not cover its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: MTYF.F's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: MTYF.F's debt to equity ratio has reduced from 87.4% to 82.6% over the past 5 years.
Debt Coverage: MTYF.F's debt is well covered by operating cash flow (30.3%).
Interest Coverage: MTYF.F's interest payments on its debt are well covered by EBIT (3.1x coverage).