MasTec Balance Sheet Health
Financial Health criteria checks 4/6
MasTec has a total shareholder equity of $2.7B and total debt of $2.5B, which brings its debt-to-equity ratio to 94.3%. Its total assets and total liabilities are $8.7B and $6.1B respectively. MasTec's EBIT is $240.5M making its interest coverage ratio 1. It has cash and short-term investments of $529.6M.
Key information
94.3%
Debt to equity ratio
US$2.54b
Debt
Interest coverage ratio | 1x |
Cash | US$529.56m |
Equity | US$2.69b |
Total liabilities | US$6.06b |
Total assets | US$8.75b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MY8's short term assets ($3.4B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: MY8's short term assets ($3.4B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: MY8's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: MY8's debt to equity ratio has reduced from 99.3% to 94.3% over the past 5 years.
Debt Coverage: MY8's debt is well covered by operating cash flow (34.7%).
Interest Coverage: MY8's interest payments on its debt are not well covered by EBIT (1x coverage).