Martin Marietta Materials Balance Sheet Health
Financial Health criteria checks 5/6
Martin Marietta Materials has a total shareholder equity of $8.9B and total debt of $4.3B, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are $16.2B and $7.4B respectively. Martin Marietta Materials's EBIT is $1.5B making its interest coverage ratio 15.1. It has cash and short-term investments of $2.6B.
Key information
49.0%
Debt to equity ratio
US$4.35b
Debt
Interest coverage ratio | 15.1x |
Cash | US$2.65b |
Equity | US$8.88b |
Total liabilities | US$7.36b |
Total assets | US$16.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMX's short term assets ($4.5B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: MMX's short term assets ($4.5B) do not cover its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: MMX's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: MMX's debt to equity ratio has reduced from 63.5% to 49% over the past 5 years.
Debt Coverage: MMX's debt is well covered by operating cash flow (35.4%).
Interest Coverage: MMX's interest payments on its debt are well covered by EBIT (15.1x coverage).