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).