Modine Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Modine Manufacturing has a total shareholder equity of $755.5M and total debt of $429.3M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are $1.9B and $1.1B respectively. Modine Manufacturing's EBIT is $250.7M making its interest coverage ratio 12.7. It has cash and short-term investments of $60.1M.
Key information
56.8%
Debt to equity ratio
US$429.30m
Debt
Interest coverage ratio | 12.7x |
Cash | US$60.10m |
Equity | US$755.50m |
Total liabilities | US$1.10b |
Total assets | US$1.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMF's short term assets ($894.0M) exceed its short term liabilities ($545.8M).
Long Term Liabilities: MMF's short term assets ($894.0M) exceed its long term liabilities ($550.2M).
Debt to Equity History and Analysis
Debt Level: MMF's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: MMF's debt to equity ratio has reduced from 83.1% to 56.8% over the past 5 years.
Debt Coverage: MMF's debt is well covered by operating cash flow (50%).
Interest Coverage: MMF's interest payments on its debt are well covered by EBIT (12.7x coverage).