Martinrea International Balance Sheet Health
Financial Health criteria checks 4/6
Martinrea International has a total shareholder equity of CA$1.5B and total debt of CA$969.2M, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are CA$4.0B and CA$2.5B respectively. Martinrea International's EBIT is CA$296.2M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$186.8M.
Key information
66.2%
Debt to equity ratio
CA$969.24m
Debt
Interest coverage ratio | 3.7x |
Cash | CA$186.80m |
Equity | CA$1.47b |
Total liabilities | CA$2.52b |
Total assets | CA$3.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 03M's short term assets (CA$1.5B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: 03M's short term assets (CA$1.5B) exceed its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: 03M's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: 03M's debt to equity ratio has increased from 64.3% to 66.2% over the past 5 years.
Debt Coverage: 03M's debt is well covered by operating cash flow (52.7%).
Interest Coverage: 03M's interest payments on its debt are well covered by EBIT (3.7x coverage).