Morguard Balance Sheet Health
Financial Health criteria checks 1/6
Morguard has a total shareholder equity of CA$4.6B and total debt of CA$5.6B, which brings its debt-to-equity ratio to 123.4%. Its total assets and total liabilities are CA$11.5B and CA$6.9B respectively. Morguard's EBIT is CA$551.2M making its interest coverage ratio 2.1. It has cash and short-term investments of CA$297.5M.
Key information
123.4%
Debt to equity ratio
CA$5.64b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$297.49m |
| Equity | CA$4.57b |
| Total liabilities | CA$6.95b |
| Total assets | CA$11.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRCB.F's short term assets (CA$401.5M) do not cover its short term liabilities (CA$1.4B).
Long Term Liabilities: MRCB.F's short term assets (CA$401.5M) do not cover its long term liabilities (CA$5.6B).
Debt to Equity History and Analysis
Debt Level: MRCB.F's net debt to equity ratio (116.9%) is considered high.
Reducing Debt: MRCB.F's debt to equity ratio has reduced from 137.4% to 123.4% over the past 5 years.
Debt Coverage: MRCB.F's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: MRCB.F's interest payments on its debt are not well covered by EBIT (2.1x coverage).