Manitowoc Company Balance Sheet Health
Financial Health criteria checks 2/6
Manitowoc Company has a total shareholder equity of $596.0M and total debt of $415.2M, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $1.8B and $1.2B respectively. Manitowoc Company's EBIT is $94.5M making its interest coverage ratio 2.6. It has cash and short-term investments of $31.5M.
Key information
69.7%
Debt to equity ratio
US$415.20m
Debt
Interest coverage ratio | 2.6x |
Cash | US$31.50m |
Equity | US$596.00m |
Total liabilities | US$1.18b |
Total assets | US$1.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNGN's short term assets ($1.1B) exceed its short term liabilities ($632.2M).
Long Term Liabilities: MNGN's short term assets ($1.1B) exceed its long term liabilities ($552.4M).
Debt to Equity History and Analysis
Debt Level: MNGN's net debt to equity ratio (64.4%) is considered high.
Reducing Debt: MNGN's debt to equity ratio has increased from 60.4% to 69.7% over the past 5 years.
Debt Coverage: MNGN's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: MNGN's interest payments on its debt are not well covered by EBIT (2.6x coverage).