Is Mitie Group financially healthy?
Mostly
Mitie Group would need 1.6 years of earnings to pay off its debt, which is manageable.
The numbers behind it
Net debt / EBITDA1.6 years
Cash vs. debt£176M vs. £375M
Current ratio0.9×Short-term assets for each £1 of bills due within a year
Interest coverage5.3×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Mitie Group
Data as of Nov 13, 2026.