Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $12.7B and total debt of $5.8B, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are $32.8B and $20.1B respectively. Magna International's EBIT is $2.0B making its interest coverage ratio 9.5. It has cash and short-term investments of $1.1B.
Key information
45.8%
Debt to equity ratio
US$5.81b
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$1.06b |
| Equity | US$12.69b |
| Total liabilities | US$20.10b |
| Total assets | US$32.79b |
Recent financial health updates
We Think Magna International (TSE:MG) Is Taking Some Risk With Its Debt
Oct 12
Magna International (TSE:MG) Seems To Use Debt Quite Sensibly
Mar 06Recent updates
Magna International Inc. (TSE:MG) Doing What It Can To Lift Shares
Dec 21Should You Think About Buying Magna International Inc. (TSE:MG) Now?
Dec 03We Think Magna International (TSE:MG) Is Taking Some Risk With Its Debt
Oct 12A Piece Of The Puzzle Missing From Magna International Inc.'s (TSE:MG) Share Price
Sep 15Magna International Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 05At CA$57.34, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Jul 01Are Investors Undervaluing Magna International Inc. (TSE:MG) By 49%?
Jun 10Market Cool On Magna International Inc.'s (TSE:MG) Earnings
Apr 05At CA$74.11, Is It Time To Put Magna International Inc. (TSE:MG) On Your Watch List?
Mar 21Magna International (TSE:MG) Seems To Use Debt Quite Sensibly
Mar 06Shareholders Will Be Pleased With The Quality of Magna International's (TSE:MG) Earnings
Feb 16Is Magna International Inc. (TSE:MG) Trading At A 38% Discount?
Jan 23Financial Position Analysis
Short Term Liabilities: MG's short term assets ($14.3B) exceed its short term liabilities ($12.6B).
Long Term Liabilities: MG's short term assets ($14.3B) exceed its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: MG's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: MG's debt to equity ratio has increased from 32.8% to 45.8% over the past 5 years.
Debt Coverage: MG's debt is well covered by operating cash flow (56.8%).
Interest Coverage: MG's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 19:53 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Magna International Inc. is covered by 42 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| Dan Levy | Barclays |
| Tamy Chen | BMO Capital Markets Equity Research |