Magnitogorsk Iron & Steel Works Balance Sheet Health
Financial Health criteria checks 5/6
Magnitogorsk Iron & Steel Works has a total shareholder equity of $6.3B and total debt of $961.0M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are $9.7B and $3.4B respectively. Magnitogorsk Iron & Steel Works's EBIT is $3.8B making its interest coverage ratio 417.1. It has cash and short-term investments of $1.4B.
Key information
15.2%
Debt to equity ratio
US$961.00m
Debt
| Interest coverage ratio | 417.1x |
| Cash | US$1.37b |
| Equity | US$6.33b |
| Total liabilities | US$3.39b |
| Total assets | US$9.72b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAGN's short term assets ($4.2B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: MAGN's short term assets ($4.2B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: MAGN has more cash than its total debt.
Reducing Debt: MAGN's debt to equity ratio has increased from 10.6% to 15.2% over the past 5 years.
Debt Coverage: MAGN's debt is well covered by operating cash flow (282.5%).
Interest Coverage: MAGN's interest payments on its debt are well covered by EBIT (417.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/05 07:37 |
| End of Day Share Price | 2022/07/08 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Public Joint Stock Company Magnitogorsk Iron & Steel Works is covered by 24 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Boris Krasnozhenov | Alfa Bank |
| Vladimir Sergievskii | Barclays |
| Kirill Chuyko | BCS Global Markets |