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Merchants Bancorp (MBIN)
NASDAQ:MBIN
US Market

Merchants Bancorp (MBIN) Ratios

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Merchants Bancorp Ratios

MBIN's free cash flow for Q1 2025 was $0.48. For the 2025 fiscal year, MBIN's free cash flow was decreased by $ and operating cash flow was $0.27. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.96 0.04 260.95 4.56 0.27
Quick Ratio
0.96 0.04 28.41 10.04 0.59
Cash Ratio
0.04 0.04 7.54 3.44 0.10
Solvency Ratio
0.02 0.02 0.02 0.02 0.13
Operating Cash Flow Ratio
-0.07 -0.03 32.53 -0.16 -0.50
Short-Term Operating Cash Flow Coverage
0.00 0.00 32.53 0.00 0.00
Net Current Asset Value
$ -5.13B$ -14.67B$ -3.33B$ -8.76B$ -897.36M
Leverage Ratios
Debt-to-Assets Ratio
0.23 0.06 0.08 0.09 0.14
Debt-to-Equity Ratio
1.93 0.57 0.66 0.89 1.66
Debt-to-Capital Ratio
0.66 0.36 0.40 0.47 0.62
Long-Term Debt-to-Capital Ratio
0.66 0.08 0.39 0.47 0.60
Financial Leverage Ratio
8.38 9.97 8.64 9.76 11.90
Debt Service Coverage Ratio
0.41 0.45 1.16 6.77 3.11
Interest Coverage Ratio
0.54 0.55 1.82 9.08 4.25
Debt to Market Cap
2.65 0.08 0.91 0.74 1.56
Interest Debt Per Share
114.06 36.87 26.01 24.73 32.63
Net Debt to EBITDA
9.07 1.08 2.50 <0.01 4.76
Profitability Margins
Gross Profit Margin
46.09%99.35%100.00%100.00%100.00%
EBIT Margin
29.21%66.58%68.15%70.86%71.62%
EBITDA Margin
29.42%67.13%68.73%71.37%72.18%
Operating Profit Margin
29.21%66.58%68.96%71.49%73.33%
Pretax Profit Margin
29.21%66.58%68.15%70.86%71.62%
Net Profit Margin
22.14%53.44%51.43%52.78%53.13%
Continuous Operations Profit Margin
22.14%53.44%51.43%52.78%53.13%
Net Income Per EBT
75.81%80.26%75.47%74.48%74.18%
EBT Per EBIT
100.00%100.00%98.82%99.13%97.67%
Return on Assets (ROA)
1.70%1.65%1.74%2.01%1.87%
Return on Equity (ROE)
14.28%16.42%15.05%19.66%22.27%
Return on Capital Employed (ROCE)
6.14%12.03%2.34%2.80%3.15%
Return on Invested Capital (ROIC)
1.81%9.66%2.82%10.88%-34.60%
Return on Tangible Assets
1.72%1.66%1.76%2.04%1.89%
Earnings Yield
19.59%15.17%20.93%16.67%22.73%
Efficiency Ratios
Receivables Turnover
17.35 0.00 0.06 0.00 0.00
Payables Turnover
0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
24.69 9.97 12.05 13.79 11.42
Asset Turnover
0.08 0.03 0.03 0.04 0.04
Working Capital Turnover Ratio
-0.21 -0.07 0.10 -4.18 -1.46
Cash Conversion Cycle
21.04 0.00 6.39K 0.00 0.00
Days of Sales Outstanding
21.04 0.00 6.39K 0.00 0.00
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
0.00 0.00 0.00 0.00 0.00
Operating Cycle
21.04 0.00 6.39K 0.00 0.00
Cash Flow Ratios
Operating Cash Flow Per Share
-18.62 -8.25 22.61 -1.14 -20.29
Free Cash Flow Per Share
-19.03 -8.42 22.40 -1.22 -20.38
CapEx Per Share
0.41 0.17 0.20 0.08 0.08
Free Cash Flow to Operating Cash Flow
1.02 1.02 0.99 1.07 1.00
Dividend Paid and CapEx Coverage Ratio
-12.01 -6.36 20.81 -1.41 -32.05
Capital Expenditure Coverage Ratio
-45.42 -47.34 110.66 -13.50 -241.48
Operating Cash Flow Coverage Ratio
-0.19 -0.37 1.02 -0.05 -0.65
Operating Cash Flow to Sales Ratio
-0.58 -0.68 2.28 -0.11 -2.57
Free Cash Flow Yield
-52.18%-19.77%92.11%-3.88%-110.62%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
5.11 6.59 4.78 6.00 4.40
Price-to-Sales (P/S) Ratio
1.13 3.52 2.46 3.17 2.34
Price-to-Book (P/B) Ratio
0.73 1.08 0.72 1.18 0.98
Price-to-Free Cash Flow (P/FCF) Ratio
-1.92 -5.06 1.09 -25.77 -0.90
Price-to-Operating Cash Flow Ratio
-1.96 -5.16 1.08 -27.68 -0.91
Price-to-Earnings Growth (PEG) Ratio
0.44 0.25 -0.79 0.25 0.03
Price-to-Fair Value
0.73 1.08 0.72 1.18 0.98
Enterprise Value Multiple
12.91 6.33 6.08 4.44 8.00
Enterprise Value
5.50B 2.22B 1.78B 1.36B 1.96B
EV to EBITDA
12.91 6.33 6.08 4.44 8.00
EV to Sales
3.80 4.25 4.18 3.17 5.78
EV to Free Cash Flow
-6.44 -6.10 1.84 -25.79 -2.23
EV to Operating Cash Flow
-6.58 -6.23 1.83 -27.70 -2.24
Tangible Book Value Per Share
45.60 35.31 30.04 23.80 189.64
Shareholders’ Equity Per Share
50.01 39.36 33.82 26.76 18.80
Tax and Other Ratios
Effective Tax Rate
0.24 0.20 0.25 0.26 0.26
Revenue Per Share
32.26 12.09 9.90 9.97 7.88
Net Income Per Share
7.14 6.46 5.09 5.26 4.19
Tax Burden
0.76 0.80 0.75 0.74 0.74
Interest Burden
1.00 1.00 1.00 1.00 1.00
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.11 0.23 0.03 0.02 0.02
Stock-Based Compensation to Revenue
0.00 <0.01 <0.01 <0.01 <0.01
Income Quality
-2.61 -1.28 4.44 -0.22 -4.85
Currency in USD
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