Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $12.7B and total debt of $5.8B, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are $32.8B and $20.1B respectively. Magna International's EBIT is $2.0B making its interest coverage ratio 9.5. It has cash and short-term investments of $1.1B.
Key information
45.8%
Debt to equity ratio
US$5.81b
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$1.06b |
| Equity | US$12.69b |
| Total liabilities | US$20.10b |
| Total assets | US$32.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGA's short term assets ($14.3B) exceed its short term liabilities ($12.6B).
Long Term Liabilities: MGA's short term assets ($14.3B) exceed its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: MGA's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: MGA's debt to equity ratio has increased from 32.8% to 45.8% over the past 5 years.
Debt Coverage: MGA's debt is well covered by operating cash flow (56.8%).
Interest Coverage: MGA's interest payments on its debt are well covered by EBIT (9.5x coverage).