Magellan Aerospace Balance Sheet Health
Financial Health criteria checks 6/6
Magellan Aerospace has a total shareholder equity of CA$768.4M and total debt of CA$60.0M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CA$1.1B and CA$336.6M respectively. Magellan Aerospace's EBIT is CA$42.7M making its interest coverage ratio 9.8. It has cash and short-term investments of CA$30.7M.
Key information
7.8%
Debt to equity ratio
CA$59.99m
Debt
| Interest coverage ratio | 9.8x |
| Cash | CA$30.70m |
| Equity | CA$768.41m |
| Total liabilities | CA$336.64m |
| Total assets | CA$1.11b |
Recent financial health updates
Magellan Aerospace (TSE:MAL) Has A Pretty Healthy Balance Sheet
Dec 20
We Think Magellan Aerospace (TSE:MAL) Can Stay On Top Of Its Debt
Aug 08Would Magellan Aerospace (TSE:MAL) Be Better Off With Less Debt?
Nov 10Magellan Aerospace (TSE:MAL) Seems To Use Debt Quite Sensibly
Feb 02Recent updates
Magellan Aerospace (TSE:MAL) Has A Pretty Healthy Balance Sheet
Dec 20We Think Magellan Aerospace (TSE:MAL) Can Stay On Top Of Its Debt
Aug 08Magellan 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$619.6M) exceed its short term liabilities (CA$240.5M).
Long Term Liabilities: MAL's short term assets (CA$619.6M) exceed its long term liabilities (CA$96.1M).
Debt to Equity History and Analysis
Debt Level: MAL's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: MAL's debt to equity ratio has reduced from 9.1% to 7.8% over the past 5 years.
Debt Coverage: MAL's debt is well covered by operating cash flow (119.6%).
Interest Coverage: MAL's interest payments on its debt are well covered by EBIT (9.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 01:01 |
| End of Day Share Price | 2025/02/07 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Magellan Aerospace Corporation is covered by 11 analysts. 2 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 |
|---|---|
| Claude Proulx | BMO Capital Markets Equity Research |
| Douglas Taylor | Canaccord Genuity |
| Cameron Doerksen | Cantor Fitzgerald Canada Corporation |