Masonite International Balance Sheet Health
Financial Health criteria checks 4/6
Masonite International has a total shareholder equity of $920.1M and total debt of $1.1B, which brings its debt-to-equity ratio to 117.2%. Its total assets and total liabilities are $2.8B and $1.9B respectively. Masonite International's EBIT is $288.7M making its interest coverage ratio 5.9. It has cash and short-term investments of $230.4M.
Key information
117.2%
Debt to equity ratio
US$1.08b
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$230.44m |
| Equity | US$920.05m |
| Total liabilities | US$1.87b |
| Total assets | US$2.79b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MII's short term assets ($1.1B) exceed its short term liabilities ($425.7M).
Long Term Liabilities: MII's short term assets ($1.1B) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: MII's net debt to equity ratio (92.1%) is considered high.
Reducing Debt: MII's debt to equity ratio has reduced from 130.5% to 117.2% over the past 5 years.
Debt Coverage: MII's debt is well covered by operating cash flow (45%).
Interest Coverage: MII's interest payments on its debt are well covered by EBIT (5.9x coverage).