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 06Is Magna International (TSE:MG) A Risky Investment?
Oct 27Is Magna International (TSE:MG) A Risky Investment?
Jul 15Does Magna International (TSE:MG) Have A Healthy Balance Sheet?
Jan 02We Think Magna International (TSE:MG) Can Stay On Top Of Its Debt
Sep 20Recent updates
We 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 23The Price Is Right For Magna International Inc. (TSE:MG)
Dec 19Is Magna International (TSE:MG) A Risky Investment?
Oct 27Is There Now An Opportunity In Magna International Inc. (TSE:MG)?
Sep 03If EPS Growth Is Important To You, Magna International (TSE:MG) Presents An Opportunity
Aug 15Is Magna International (TSE:MG) A Risky Investment?
Jul 15Are Investors Undervaluing Magna International Inc. (TSE:MG) By 42%?
Jun 30When Should You Buy Magna International Inc. (TSE:MG)?
May 10Magna International Inc. (TSE:MG) Shares Could Be 47% Below Their Intrinsic Value Estimate
Mar 28Is Magna International Inc. (TSE:MG) Potentially Undervalued?
Jan 29Does Magna International (TSE:MG) Have A Healthy Balance Sheet?
Jan 02Magna International Inc. (TSE:MG) Shares Could Be 48% Below Their Intrinsic Value Estimate
Dec 04What Is Magna International Inc.'s (TSE:MG) Share Price Doing?
Oct 21We Think Magna International (TSE:MG) Can Stay On Top Of Its Debt
Sep 20At CA$78.72, Is Magna International Inc. (TSE:MG) Worth Looking At Closely?
Jul 21Is Magna International (TSE:MG) A Risky Investment?
Jun 21Financial 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).