Mainstreet Equity Balance Sheet Health
Financial Health criteria checks 2/6
Mainstreet Equity has a total shareholder equity of CA$1.4B and total debt of CA$1.7B, which brings its debt-to-equity ratio to 119.5%. Its total assets and total liabilities are CA$3.3B and CA$1.9B respectively. Mainstreet Equity's EBIT is CA$119.0M making its interest coverage ratio 2.6. It has cash and short-term investments of CA$142.0M.
Key information
119.5%
Debt to equity ratio
CA$1.66b
Debt
Interest coverage ratio | 2.6x |
Cash | CA$142.03m |
Equity | CA$1.39b |
Total liabilities | CA$1.95b |
Total assets | CA$3.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEQY.F's short term assets (CA$169.2M) exceed its short term liabilities (CA$168.4M).
Long Term Liabilities: MEQY.F's short term assets (CA$169.2M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: MEQY.F's net debt to equity ratio (109.3%) is considered high.
Reducing Debt: MEQY.F's debt to equity ratio has reduced from 133.2% to 119.5% over the past 5 years.
Debt Coverage: MEQY.F's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: MEQY.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).