Martinrea International Balance Sheet Health
Financial Health criteria checks 5/6
Martinrea International has a total shareholder equity of CA$1.5B and total debt of CA$1.0B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are CA$4.1B and CA$2.6B respectively. Martinrea International's EBIT is CA$300.3M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$173.7M.
Key information
67.8%
Debt to equity ratio
CA$1.03b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CA$173.69m |
| Equity | CA$1.52b |
| Total liabilities | CA$2.60b |
| Total assets | CA$4.12b |
Recent financial health updates
We Think Martinrea International (TSE:MRE) Is Taking Some Risk With Its Debt
Mar 03
We Think Martinrea International (TSE:MRE) Is Taking Some Risk With Its Debt
Oct 19Does Martinrea International (TSE:MRE) Have A Healthy Balance Sheet?
Jun 08Is Martinrea International (TSE:MRE) A Risky Investment?
Jan 27Martinrea International (TSE:MRE) Seems To Be Using A Lot Of Debt
Jun 10Recent updates
Martinrea International (TSE:MRE) Is Due To Pay A Dividend Of CA$0.05
May 14Martinrea International's (TSE:MRE) Soft Earnings Are Actually Better Than They Appear
May 09Martinrea International (TSE:MRE) Is Paying Out A Dividend Of CA$0.05
Mar 05We Think Martinrea International (TSE:MRE) Is Taking Some Risk With Its Debt
Mar 03Martinrea International (TSE:MRE) Is Paying Out A Dividend Of CA$0.05
Dec 14We Think Martinrea International (TSE:MRE) Is Taking Some Risk With Its Debt
Oct 19Martinrea International (TSE:MRE) Has Affirmed Its Dividend Of CA$0.05
Sep 05Martinrea International's (TSE:MRE) Dividend Will Be CA$0.05
Aug 22Here's Why We Think Martinrea International (TSE:MRE) Is Well Worth Watching
Aug 13Martinrea International (TSE:MRE) May Have Issues Allocating Its Capital
Jul 22Does Martinrea International (TSE:MRE) Have A Healthy Balance Sheet?
Jun 08Martinrea International (TSE:MRE) Is Due To Pay A Dividend Of CA$0.05
May 12An Intrinsic Calculation For Martinrea International Inc. (TSE:MRE) Suggests It's 37% Undervalued
May 07Martinrea International (TSE:MRE) Is Paying Out A Dividend Of CA$0.05
Mar 07Some Investors May Be Worried About Martinrea International's (TSE:MRE) Returns On Capital
Mar 04Is Martinrea International (TSE:MRE) A Risky Investment?
Jan 27Martinrea International (TSE:MRE) Will Pay A Dividend Of CA$0.05
Dec 11Martinrea International (TSE:MRE) Will Pay A Dividend Of CA$0.05
Nov 17Capital Allocation Trends At Martinrea International (TSE:MRE) Aren't Ideal
Sep 30Martinrea International (TSE:MRE) Seems To Be Using A Lot Of Debt
Jun 10Martinrea International's (TSE:MRE) Earnings Are Weaker Than They Seem
Mar 10The Returns On Capital At Martinrea International (TSE:MRE) Don't Inspire Confidence
Mar 04Financial Position Analysis
Short Term Liabilities: MRE's short term assets (CA$1.6B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: MRE's short term assets (CA$1.6B) exceed its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: MRE's net debt to equity ratio (56.4%) is considered high.
Reducing Debt: MRE's debt to equity ratio has reduced from 68.8% to 67.8% over the past 5 years.
Debt Coverage: MRE's debt is well covered by operating cash flow (48.1%).
Interest Coverage: MRE's interest payments on its debt are well covered by EBIT (3.7x coverage).