Methode Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Methode Electronics has a total shareholder equity of $835.0M and total debt of $335.5M, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are $1.5B and $656.5M respectively. Methode Electronics's EBIT is $26.5M making its interest coverage ratio 1.8. It has cash and short-term investments of $122.9M.
Key information
40.2%
Debt to equity ratio
US$335.50m
Debt
Interest coverage ratio | 1.8x |
Cash | US$122.90m |
Equity | US$835.00m |
Total liabilities | US$656.50m |
Total assets | US$1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ME5A's short term assets ($629.8M) exceed its short term liabilities ($229.9M).
Long Term Liabilities: ME5A's short term assets ($629.8M) exceed its long term liabilities ($426.6M).
Debt to Equity History and Analysis
Debt Level: ME5A's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: ME5A's debt to equity ratio has reduced from 44.9% to 40.2% over the past 5 years.
Debt Coverage: ME5A's debt is well covered by operating cash flow (21.3%).
Interest Coverage: ME5A's interest payments on its debt are not well covered by EBIT (1.8x coverage).