Magellan Aerospace Balance Sheet Health
Financial Health criteria checks 5/6
Magellan Aerospace has a total shareholder equity of CA$737.4M and total debt of CA$44.3M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CA$1.0B and CA$287.7M respectively. Magellan Aerospace's EBIT is CA$32.9M making its interest coverage ratio 8.9. It has cash and short-term investments of CA$1.5M.
Key information
6.0%
Debt to equity ratio
CA$44.32m
Debt
| Interest coverage ratio | 8.9x |
| Cash | CA$1.49m |
| Equity | CA$737.42m |
| Total liabilities | CA$287.66m |
| Total assets | CA$1.03b |
Recent financial health updates
Would Magellan Aerospace (TSE:MAL) Be Better Off With Less Debt?
Nov 10
Magellan Aerospace (TSE:MAL) Seems To Use Debt Quite Sensibly
Feb 02Recent updates
Magellan Aerospace (TSE:MAL) Has Announced A Dividend Of CA$0.025
Mar 07Magellan Aerospace (TSE:MAL) Will Pay A Dividend Of CA$0.025
Nov 09Magellan Aerospace's (TSE:MAL) Dividend Will Be Reduced To CA$0.025
May 26Magellan Aerospace's (TSE:MAL) Shareholders Will Receive A Smaller Dividend Than Last Year
May 06Magellan Aerospace (TSE:MAL) Is Reducing Its Dividend To CA$0.025
Mar 09Is Magellan Aerospace Corporation (TSE:MAL) Trading At A 46% Discount?
Jan 03Magellan Aerospace (TSE:MAL) Has Announced That Its Dividend Will Be Reduced To CA$0.025
Dec 01Magellan Aerospace (TSE:MAL) Is Paying Out Less In Dividends Than Last Year
Nov 17Would Magellan Aerospace (TSE:MAL) Be Better Off With Less Debt?
Nov 10Magellan Aerospace (TSE:MAL) Is Reducing Its Dividend To CA$0.05
Aug 26Magellan Aerospace's (TSE:MAL) Dividend Will Be Reduced To CA$0.05
Aug 11Magellan Aerospace's (TSE:MAL) Dividend Is Being Reduced To CA$0.08
May 26Magellan Aerospace's (TSE:MAL) Dividend Is Being Reduced To CA$0.08
May 12Magellan Aerospace (TSE:MAL) Has Affirmed Its Dividend Of CA$0.10
Dec 03Magellan Aerospace (TSE:MAL) Will Pay A Dividend Of CA$0.10
Nov 11Magellan Aerospace (TSE:MAL) Is Due To Pay A Dividend Of CA$0.10
Aug 26It Looks Like Magellan Aerospace Corporation's (TSE:MAL) CEO May Expect Their Salary To Be Put Under The Microscope
Apr 28Is It Time To Consider Buying Magellan Aerospace Corporation (TSE:MAL)?
Apr 02We Think You Can Look Beyond Magellan Aerospace's (TSE:MAL) Lackluster Earnings
Mar 18Magellan Aerospace (TSE:MAL) Shareholders Have Enjoyed A 83% Share Price Gain
Mar 17How Well Is Magellan Aerospace (TSE:MAL) Allocating Its Capital?
Mar 02Is Magellan Aerospace Corporation (TSE:MAL) Trading At A 42% Discount?
Feb 15
Magellan Aerospace (TSE:MAL) Seems To Use Debt Quite Sensibly
Feb 02Should Magellan Aerospace Corporation (TSE:MAL) Be Part Of Your Dividend Portfolio?
Jan 19What Kind Of Shareholders Hold The Majority In Magellan Aerospace Corporation's (TSE:MAL) Shares?
Jan 06When Should You Buy Magellan Aerospace Corporation (TSE:MAL)?
Dec 24Only Four Days Left To Cash In On Magellan Aerospace's (TSE:MAL) Dividend
Dec 11Here's What We Make Of Magellan Aerospace's (TSE:MAL) Returns On Capital
Nov 30Financial Position Analysis
Short Term Liabilities: MAL's short term assets (CA$550.8M) exceed its short term liabilities (CA$195.6M).
Long Term Liabilities: MAL's short term assets (CA$550.8M) exceed its long term liabilities (CA$92.0M).
Debt to Equity History and Analysis
Debt Level: MAL's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: MAL's debt to equity ratio has reduced from 9.9% to 6% over the past 5 years.
Debt Coverage: MAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAL's interest payments on its debt are well covered by EBIT (8.9x coverage).