Morses Club Balance Sheet Health
Financial Health criteria checks 4/6
Morses Club has a total shareholder equity of £15.7M and total debt of £13.7M, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are £78.8M and £63.1M respectively.
Key information
87.1%
Debt to equity ratio
UK£13.71m
Debt
Interest coverage ratio | n/a |
Cash | UK£7.94m |
Equity | UK£15.74m |
Total liabilities | UK£63.10m |
Total assets | UK£78.85m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MCLB.F's short term assets (£55.9M) exceed its short term liabilities (£27.3M).
Long Term Liabilities: MCLB.F's short term assets (£55.9M) exceed its long term liabilities (£35.8M).
Debt to Equity History and Analysis
Debt Level: MCLB.F's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: MCLB.F's debt to equity ratio has increased from 26.9% to 87.1% over the past 5 years.
Debt Coverage: MCLB.F's debt is well covered by operating cash flow (89.4%).
Interest Coverage: Insufficient data to determine if MCLB.F's interest payments on its debt are well covered by EBIT.