Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $11.9B and total debt of $6.2B, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are $32.7B and $20.8B respectively. Magna International's EBIT is $2.0B making its interest coverage ratio 10.9. It has cash and short-term investments of $1.5B.
Key information
52.1%
Debt to equity ratio
US$6.21b
Debt
Interest coverage ratio | 10.9x |
Cash | US$1.52b |
Equity | US$11.92b |
Total liabilities | US$20.75b |
Total assets | US$32.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGA's short term assets ($14.8B) exceed its short term liabilities ($13.6B).
Long Term Liabilities: MGA's short term assets ($14.8B) exceed its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: MGA's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: MGA's debt to equity ratio has increased from 29.5% to 52.1% over the past 5 years.
Debt Coverage: MGA's debt is well covered by operating cash flow (51.2%).
Interest Coverage: MGA's interest payments on its debt are well covered by EBIT (10.9x coverage).