Merchants' National Properties, Inc.

OTCPK:MNPP Stock Report

Market Cap: US$156.3m

Merchants' National Properties Balance Sheet Health

Financial Health criteria checks 3/6

Merchants' National Properties has a total shareholder equity of $222.1M and total debt of $40.9M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $308.5M and $86.4M respectively. Merchants' National Properties's EBIT is $8.7M making its interest coverage ratio -9.9. It has cash and short-term investments of $14.3M.

Key information

18.4%

Debt to equity ratio

US$40.87m

Debt

Interest coverage ratio-9.9x
CashUS$14.34m
EquityUS$222.10m
Total liabilitiesUS$86.41m
Total assetsUS$308.52m

Recent financial health updates

No updates

Recent updates

No updates

Financial Position Analysis

Short Term Liabilities: MNPP's short term assets ($39.6M) exceed its short term liabilities ($4.7M).

Long Term Liabilities: MNPP's short term assets ($39.6M) do not cover its long term liabilities ($81.7M).


Debt to Equity History and Analysis

Debt Level: MNPP's net debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: MNPP's debt to equity ratio has increased from 12.3% to 18.4% over the past 5 years.

Debt Coverage: MNPP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MNPP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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