MCAN Mortgage Balance Sheet Health
Financial Health criteria checks 2/6
MCAN Mortgage has a total shareholder equity of CA$531.8M and total debt of CA$2.0B, which brings its debt-to-equity ratio to 372.6%. Its total assets and total liabilities are CA$4.7B and CA$4.2B respectively.
Key information
372.6%
Debt to equity ratio
CA$1.98b
Debt
Interest coverage ratio | n/a |
Cash | CA$60.54m |
Equity | CA$531.84m |
Total liabilities | CA$4.21b |
Total assets | CA$4.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAMT.F's short term assets (CA$4.5B) exceed its short term liabilities (CA$2.4B).
Long Term Liabilities: MAMT.F's short term assets (CA$4.5B) exceed its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: MAMT.F's net debt to equity ratio (361.2%) is considered high.
Reducing Debt: MAMT.F's debt to equity ratio has increased from 292.8% to 372.6% over the past 5 years.
Debt Coverage: MAMT.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MAMT.F's interest payments on its debt are well covered by EBIT.