Methanex Balance Sheet Health
Financial Health criteria checks 3/6
Methanex has a total shareholder equity of $2.2B and total debt of $2.1B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are $6.4B and $4.2B respectively. Methanex's EBIT is $248.5M making its interest coverage ratio 3. It has cash and short-term investments of $407.1M.
Key information
96.3%
Debt to equity ratio
US$2.14b
Debt
Interest coverage ratio | 3x |
Cash | US$407.07m |
Equity | US$2.22b |
Total liabilities | US$4.16b |
Total assets | US$6.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MX5's short term assets ($1.4B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: MX5's short term assets ($1.4B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: MX5's net debt to equity ratio (78%) is considered high.
Reducing Debt: MX5's debt to equity ratio has increased from 81% to 96.3% over the past 5 years.
Debt Coverage: MX5's debt is well covered by operating cash flow (27.5%).
Interest Coverage: MX5's interest payments on its debt are well covered by EBIT (3x coverage).