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 |
| Cash | US$14.34m |
| Equity | US$222.10m |
| Total liabilities | US$86.41m |
| Total assets | US$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.