Mullen Group Balance Sheet Health
Financial Health criteria checks 3/6
Mullen Group has a total shareholder equity of CA$1.0B and total debt of CA$998.4M, which brings its debt-to-equity ratio to 98.4%. Its total assets and total liabilities are CA$2.6B and CA$1.6B respectively. Mullen Group's EBIT is CA$225.0M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$344.4M.
Key information
98.4%
Debt to equity ratio
CA$998.40m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CA$344.41m |
| Equity | CA$1.01b |
| Total liabilities | CA$1.56b |
| Total assets | CA$2.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLLG.F's short term assets (CA$773.5M) exceed its short term liabilities (CA$476.7M).
Long Term Liabilities: MLLG.F's short term assets (CA$773.5M) do not cover its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: MLLG.F's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: MLLG.F's debt to equity ratio has increased from 62.9% to 98.4% over the past 5 years.
Debt Coverage: MLLG.F's debt is well covered by operating cash flow (29%).
Interest Coverage: MLLG.F's interest payments on its debt are well covered by EBIT (5.5x coverage).