Minerals Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Minerals Technologies has a total shareholder equity of $1.7B and total debt of $1.0B, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are $3.3B and $1.6B respectively. Minerals Technologies's EBIT is $294.1M making its interest coverage ratio 4.9. It has cash and short-term investments of $320.1M.
Key information
59.1%
Debt to equity ratio
US$1.00b
Debt
Interest coverage ratio | 4.9x |
Cash | US$320.10m |
Equity | US$1.70b |
Total liabilities | US$1.64b |
Total assets | US$3.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNK's short term assets ($1.1B) exceed its short term liabilities ($441.8M).
Long Term Liabilities: MNK's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MNK's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: MNK's debt to equity ratio has reduced from 70.4% to 59.1% over the past 5 years.
Debt Coverage: MNK's debt is well covered by operating cash flow (25.5%).
Interest Coverage: MNK's interest payments on its debt are well covered by EBIT (4.9x coverage).