Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $11.9B and total debt of $6.2B, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are $32.7B and $20.8B respectively. Magna International's EBIT is $2.1B making its interest coverage ratio 11.2. It has cash and short-term investments of $1.5B.
Key information
52.1%
Debt to equity ratio
US$6.21b
Debt
Interest coverage ratio | 11.2x |
Cash | US$1.52b |
Equity | US$11.92b |
Total liabilities | US$20.75b |
Total assets | US$32.68b |
Recent financial health updates
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 20Is Magna International (TSE:MG) A Risky Investment?
Jun 21Recent updates
Are 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 21At CA$76.59, Is It Time To Put Magna International Inc. (TSE:MG) On Your Watch List?
Apr 17Is Magna International (TSE:MG) Using Too Much Debt?
Mar 09Financial Position Analysis
Short Term Liabilities: MG's short term assets ($14.8B) exceed its short term liabilities ($13.6B).
Long Term Liabilities: MG's short term assets ($14.8B) exceed its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: MG's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: MG's debt to equity ratio has increased from 29.5% to 52.1% over the past 5 years.
Debt Coverage: MG's debt is well covered by operating cash flow (51.2%).
Interest Coverage: MG's interest payments on its debt are well covered by EBIT (11.2x coverage).