Mullen Group Balance Sheet Health
Financial Health criteria checks 2/6
Mullen Group has a total shareholder equity of CA$993.9M and total debt of CA$697.0M, which brings its debt-to-equity ratio to 70.1%. Its total assets and total liabilities are CA$2.2B and CA$1.3B respectively. Mullen Group's EBIT is CA$211.8M making its interest coverage ratio 5.5. It has cash and short-term investments of CA$4.0M.
Key information
70.1%
Debt to equity ratio
CA$696.97m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CA$3.98m |
| Equity | CA$993.90m |
| Total liabilities | CA$1.25b |
| Total assets | CA$2.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLLG.F's short term assets (CA$417.0M) do not cover its short term liabilities (CA$555.3M).
Long Term Liabilities: MLLG.F's short term assets (CA$417.0M) do not cover its long term liabilities (CA$695.2M).
Debt to Equity History and Analysis
Debt Level: MLLG.F's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: MLLG.F's debt to equity ratio has increased from 62.8% to 70.1% over the past 5 years.
Debt Coverage: MLLG.F's debt is well covered by operating cash flow (39.2%).
Interest Coverage: MLLG.F's interest payments on its debt are well covered by EBIT (5.5x coverage).