MAS P.L.C.

JSE:MSP Stock Report

Market Cap: R12.7b

MAS Balance Sheet Health

Financial Health criteria checks 4/6

MAS has a total shareholder equity of €1.1B and total debt of €475.4M, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are €1.6B and €556.5M respectively. MAS's EBIT is €60.2M making its interest coverage ratio -9.5. It has cash and short-term investments of €81.3M.

Key information

43.7%

Debt to equity ratio

€475.41m

Debt

Interest coverage ratio-9.5x
Cash€81.30m
Equity€1.09b
Total liabilities€556.46m
Total assets€1.64b

Recent financial health updates

We Think MAS Real Estate (JSE:MSP) Is Taking Some Risk With Its Debt

Feb 28
We Think MAS Real Estate (JSE:MSP) Is Taking Some Risk With Its Debt

Recent updates

Additional Considerations Required While Assessing MAS' (JSE:MSP) Strong Earnings

Sep 09
Additional Considerations Required While Assessing MAS' (JSE:MSP) Strong Earnings

When Should You Buy MAS P.L.C. (JSE:MSP)?

Jun 27
When Should You Buy MAS P.L.C. (JSE:MSP)?

At R15.65, Is MAS P.L.C. (JSE:MSP) Worth Looking At Closely?

Nov 03
At R15.65, Is MAS P.L.C. (JSE:MSP) Worth Looking At Closely?

Is Now The Time To Look At Buying MAS P.L.C. (JSE:MSP)?

Jun 28
Is Now The Time To Look At Buying MAS P.L.C. (JSE:MSP)?

Should You Investigate MAS P.L.C. (JSE:MSP) At R20.00?

Oct 22
Should You Investigate MAS P.L.C. (JSE:MSP) At R20.00?

At R20.10, Is MAS P.L.C. (JSE:MSP) Worth Looking At Closely?

Mar 14
At R20.10, Is MAS P.L.C. (JSE:MSP) Worth Looking At Closely?

Is There Now An Opportunity In MAS Real Estate Inc. (JSE:MSP)?

Nov 06
Is There Now An Opportunity In MAS Real Estate Inc. (JSE:MSP)?

MAS Real Estate's (JSE:MSP) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 07
MAS Real Estate's (JSE:MSP) Shareholders May Want To Dig Deeper Than Statutory Profit

Insider Buying: The MAS Real Estate Inc. (JSE:MSP) Independent Non-Executive Director Just Bought 73% More Shares

Mar 03
Insider Buying: The MAS Real Estate Inc. (JSE:MSP) Independent Non-Executive Director Just Bought 73% More Shares

We Think MAS Real Estate (JSE:MSP) Is Taking Some Risk With Its Debt

Feb 28
We Think MAS Real Estate (JSE:MSP) Is Taking Some Risk With Its Debt

How Much Of MAS Real Estate Inc. (JSE:MSP) Do Institutions Own?

Jan 26
How Much Of MAS Real Estate Inc. (JSE:MSP) Do Institutions Own?

Need To Know: MAS Real Estate Inc. (JSE:MSP) Insiders Have Been Buying Shares

Dec 21
Need To Know: MAS Real Estate Inc. (JSE:MSP) Insiders Have Been Buying Shares

MAS Real Estate (JSE:MSP) Share Prices Have Dropped 68% In The Last Three Years

Nov 25
MAS Real Estate (JSE:MSP) Share Prices Have Dropped 68% In The Last Three Years

Financial Position Analysis

Short Term Liabilities: MSP's short term assets (€99.6M) exceed its short term liabilities (€36.6M).

Long Term Liabilities: MSP's short term assets (€99.6M) do not cover its long term liabilities (€519.9M).

Debt to Equity History and Analysis

Debt Level: MSP's net debt to equity ratio (36.3%) is considered satisfactory.

Reducing Debt: MSP's debt to equity ratio has reduced from 53.1% to 43.7% over the past 5 years.

Debt Coverage: MSP's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: MSP earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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