Minerals Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Minerals Technologies has a total shareholder equity of $1.7B and total debt of $991.4M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are $3.3B and $1.6B respectively. Minerals Technologies's EBIT is $278.3M making its interest coverage ratio 4.6. It has cash and short-term investments of $316.4M.
Key information
58.4%
Debt to equity ratio
US$991.40m
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$316.40m |
| Equity | US$1.70b |
| Total liabilities | US$1.65b |
| Total assets | US$3.35b |
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 ($453.6M).
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 (39.8%) is considered satisfactory.
Reducing Debt: MNK's debt to equity ratio has reduced from 69.4% to 58.4% over the past 5 years.
Debt Coverage: MNK's debt is well covered by operating cash flow (26.3%).
Interest Coverage: MNK's interest payments on its debt are well covered by EBIT (4.6x coverage).