Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $12.3B and total debt of $5.5B, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are $32.3B and $20.0B respectively. Magna International's EBIT is $2.0B making its interest coverage ratio 13.1. It has cash and short-term investments of $1.2B.
Key information
44.8%
Debt to equity ratio
US$5.51b
Debt
Interest coverage ratio | 13.1x |
Cash | US$1.20b |
Equity | US$12.28b |
Total liabilities | US$19.98b |
Total assets | US$32.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGA N's short term assets ($14.0B) exceed its short term liabilities ($13.2B).
Long Term Liabilities: MGA N's short term assets ($14.0B) exceed its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: MGA N's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: MGA N's debt to equity ratio has increased from 39.3% to 44.8% over the past 5 years.
Debt Coverage: MGA N's debt is well covered by operating cash flow (57.2%).
Interest Coverage: MGA N's interest payments on its debt are well covered by EBIT (13.1x coverage).