Melcor Developments Balance Sheet Health
Financial Health criteria checks 4/6
Melcor Developments has a total shareholder equity of CA$1.3B and total debt of CA$670.2M, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CA$2.1B and CA$834.1M respectively. Melcor Developments's EBIT is CA$119.4M making its interest coverage ratio 4.9. It has cash and short-term investments of CA$46.0M.
Key information
53.0%
Debt to equity ratio
CA$670.17m
Debt
Interest coverage ratio | 4.9x |
Cash | CA$46.00m |
Equity | CA$1.26b |
Total liabilities | CA$834.10m |
Total assets | CA$2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MODV.F's short term assets (CA$967.1M) exceed its short term liabilities (CA$95.1M).
Long Term Liabilities: MODV.F's short term assets (CA$967.1M) exceed its long term liabilities (CA$739.0M).
Debt to Equity History and Analysis
Debt Level: MODV.F's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: MODV.F's debt to equity ratio has reduced from 56.6% to 53% over the past 5 years.
Debt Coverage: MODV.F's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: MODV.F's interest payments on its debt are well covered by EBIT (4.9x coverage).