Methanex Balance Sheet Health
Financial Health criteria checks 3/6
Methanex has a total shareholder equity of $2.2B and total debt of $2.1B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are $6.4B and $4.2B respectively. Methanex's EBIT is $248.5M making its interest coverage ratio 3. It has cash and short-term investments of $407.1M.
Key information
96.3%
Debt to equity ratio
US$2.14b
Debt
| Interest coverage ratio | 3x |
| Cash | US$407.07m |
| Equity | US$2.22b |
| Total liabilities | US$4.16b |
| Total assets | US$6.38b |
Recent financial health updates
Methanex (TSE:MX) Takes On Some Risk With Its Use Of Debt
Nov 15
Methanex (TSE:MX) Takes On Some Risk With Its Use Of Debt
Aug 04Methanex (TSE:MX) Has A Somewhat Strained Balance Sheet
Apr 24Is Methanex (TSE:MX) Using Too Much Debt?
Jan 09Here's Why Methanex (TSE:MX) Can Manage Its Debt Responsibly
Oct 07Methanex (TSE:MX) Has A Pretty Healthy Balance Sheet
May 16Recent updates
Methanex (TSE:MX) Takes On Some Risk With Its Use Of Debt
Nov 15When Should You Buy Methanex Corporation (TSE:MX)?
Oct 19Here's What's Concerning About Methanex's (TSE:MX) Returns On Capital
Sep 01Methanex (TSE:MX) Takes On Some Risk With Its Use Of Debt
Aug 04When Should You Buy Methanex Corporation (TSE:MX)?
Jul 20Methanex (TSE:MX) Will Want To Turn Around Its Return Trends
May 31Methanex (TSE:MX) Has A Somewhat Strained Balance Sheet
Apr 24Methanex (TSE:MX) Has Some Way To Go To Become A Multi-Bagger
Feb 20Methanex Corporation (TSE:MX) Shares Could Be 35% Below Their Intrinsic Value Estimate
Feb 07Is Methanex (TSE:MX) Using Too Much Debt?
Jan 09We Ran A Stock Scan For Earnings Growth And Methanex (TSE:MX) Passed With Ease
Nov 25Investors Will Want Methanex's (TSE:MX) Growth In ROCE To Persist
Nov 12Here's Why Methanex (TSE:MX) Can Manage Its Debt Responsibly
Oct 07Do Methanex's (TSE:MX) Earnings Warrant Your Attention?
Aug 17Methanex (TSE:MX) Is Doing The Right Things To Multiply Its Share Price
Jun 28Methanex (TSE:MX) Has A Pretty Healthy Balance Sheet
May 16Methanex (TSE:MX) Shareholders Will Want The ROCE Trajectory To Continue
Mar 19A Look At The Fair Value Of Methanex Corporation (TSE:MX)
Feb 11Is Methanex (TSE:MX) A Risky Investment?
Jan 01Statutory Profit Doesn't Reflect How Good Methanex's (TSE:MX) Earnings Are
Nov 03Is Methanex Corporation (TSE:MX) Trading At A 43% Discount?
Sep 29Methanex (TSE:MX) Takes On Some Risk With Its Use Of Debt
Jul 26Capital Allocation Trends At Methanex (TSE:MX) Aren't Ideal
Jun 14Here's Why It's Unlikely That Methanex Corporation's (TSE:MX) CEO Will See A Pay Rise This Year
Apr 24Health Check: How Prudently Does Methanex (TSE:MX) Use Debt?
Apr 08Financial Position Analysis
Short Term Liabilities: MX's short term assets ($1.4B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: MX's short term assets ($1.4B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: MX's net debt to equity ratio (78%) is considered high.
Reducing Debt: MX's debt to equity ratio has increased from 81% to 96.3% over the past 5 years.
Debt Coverage: MX's debt is well covered by operating cash flow (27.5%).
Interest Coverage: MX's interest payments on its debt are well covered by EBIT (3x coverage).