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
Magnitogorsk Iron & Steel Works (MCX:MAGN) Could Easily Take On More Debt
Feb 15
Is Magnitogorsk Iron & Steel Works (MCX:MAGN) Using Too Much Debt?
Oct 21Is Magnitogorsk Iron & Steel Works (MCX:MAGN) A Risky Investment?
Jul 12Does Magnitogorsk Iron & Steel Works (MCX:MAGN) Have A Healthy Balance Sheet?
Mar 23Is Magnitogorsk Iron & Steel Works (MCX:MAGN) A Risky Investment?
Dec 18
Recent updates
Magnitogorsk Iron & Steel Works (MCX:MAGN) Could Easily Take On More Debt
Feb 15Is Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Trading At A 50% Discount?
Jan 25Magnitogorsk Iron & Steel Works (MCX:MAGN) Knows How To Allocate Capital Effectively
Jan 03We Think That There Are Issues Underlying Magnitogorsk Iron & Steel Works' (MCX:MAGN) Earnings
Nov 01Is Magnitogorsk Iron & Steel Works (MCX:MAGN) Using Too Much Debt?
Oct 21Public Joint Stock Company Magnitogorsk Iron & Steel Works' (MCX:MAGN) Intrinsic Value Is Potentially 35% Above Its Share Price
Oct 03Investors Shouldn't Overlook Magnitogorsk Iron & Steel Works' (MCX:MAGN) Impressive Returns On Capital
Sep 15Industry Analysts Just Upgraded Their Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Revenue Forecasts By 20%
Jul 24Is Magnitogorsk Iron & Steel Works (MCX:MAGN) A Risky Investment?
Jul 12A Look At The Intrinsic Value Of Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN)
Jun 24Does Magnitogorsk Iron & Steel Works (MCX:MAGN) Have A Healthy Balance Sheet?
Mar 23What Do The Returns On Capital At Magnitogorsk Iron & Steel Works (MCX:MAGN) Tell Us?
Mar 04Did You Participate In Any Of Magnitogorsk Iron & Steel Works' (MCX:MAGN) Incredible 317% Return?
Feb 12Is Public Joint Stock Company Magnitogorsk Iron & Steel Works' (MCX:MAGN) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 25An Intrinsic Calculation For Public Joint Stock Company Magnitogorsk Iron & Steel Works (MCX:MAGN) Suggests It's 30% Undervalued
Jan 04Is Magnitogorsk Iron & Steel Works (MCX:MAGN) A Risky Investment?
Dec 18Does Magnitogorsk Iron & Steel Works' (MCX:MAGN) Returns On Capital Reflect Well On The Business?
Nov 30Financial 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).