Myers Industries Balance Sheet Health
Financial Health criteria checks 1/6
Myers Industries has a total shareholder equity of $275.6M and total debt of $395.8M, which brings its debt-to-equity ratio to 143.6%. Its total assets and total liabilities are $905.0M and $629.4M respectively. Myers Industries's EBIT is $62.9M making its interest coverage ratio 2.6. It has cash and short-term investments of $29.7M.
Key information
143.6%
Debt to equity ratio
US$395.78m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$29.71m |
| Equity | US$275.64m |
| Total liabilities | US$629.36m |
| Total assets | US$905.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJF's short term assets ($275.2M) exceed its short term liabilities ($153.3M).
Long Term Liabilities: MJF's short term assets ($275.2M) do not cover its long term liabilities ($476.0M).
Debt to Equity History and Analysis
Debt Level: MJF's net debt to equity ratio (132.8%) is considered high.
Reducing Debt: MJF's debt to equity ratio has increased from 47.1% to 143.6% over the past 5 years.
Debt Coverage: MJF's debt is not well covered by operating cash flow (17%).
Interest Coverage: MJF's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 07:13 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Myers Industries, Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy Wojs | Baird |
| Gary Farber | CL King & Associates, Inc. |
| Tyler Langton | J.P. Morgan |