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 98.6%. Its total assets and total liabilities are $6.4B and $4.3B respectively. Methanex's EBIT is $263.6M making its interest coverage ratio 3.4. It has cash and short-term investments of $458.0M.
Key information
98.6%
Debt to equity ratio
US$2.14b
Debt
Interest coverage ratio | 3.4x |
Cash | US$458.02m |
Equity | US$2.17b |
Total liabilities | US$4.25b |
Total assets | US$6.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEOH N's short term assets ($1.5B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: MEOH N's short term assets ($1.5B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: MEOH N's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: MEOH N's debt to equity ratio has increased from 80.7% to 98.6% over the past 5 years.
Debt Coverage: MEOH N's debt is well covered by operating cash flow (30.8%).
Interest Coverage: MEOH N's interest payments on its debt are well covered by EBIT (3.4x coverage).