Magna International Balance Sheet Health
Financial Health criteria checks 5/6
Magna International has a total shareholder equity of $12.7B and total debt of $5.8B, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are $32.8B and $20.1B respectively. Magna International's EBIT is $2.0B making its interest coverage ratio 9.5. It has cash and short-term investments of $1.1B.
Key information
45.8%
Debt to equity ratio
US$5.81b
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$1.06b |
| Equity | US$12.69b |
| Total liabilities | US$20.10b |
| Total assets | US$32.79b |
Recent financial health updates
No updates
Recent updates
Magna International: Weak Customer Positioning Creates Uncertain Future
Dec 16Magna International: An Undervalued Stock With Double-Digit Long-Term Dividend Growth Rate
Oct 14Magna International: A Global Automotive Supplier Currently On An Upswing
Apr 15Magna: Attractive Entry For Long Term Returns
Apr 07Magna International: Margins Need To Improve
Jan 30Magna International: Management Needs To Step Up On Communication
Feb 16Magna International Q4 2022 Earnings Preview
Feb 09Magna guides 2022 EBIT margin below prior estimates
Jan 24Magna to acquire Veoneer Active Safety Business for $1.525B
Dec 20Magna International goes ex-dividend tomorrow
Nov 16Magna International Q3 2022 Earnings Preview
Nov 03Magna’s 48-Volt hybrid transmission makes debut on Stellantis models
Oct 26Magna to manufacture Cartken's autonomous delivery robot fleet
Sep 07Magna: 25% Cheaper With A Decent Upside
Jul 27Morgan Stanley cuts Magna price target to $79
Jul 14Magna: Inflationary Pressures Continue To Dominate
May 17Magna: Valuation Improves Just Enough, Upgrading To A Buy
Mar 06Magna International Stock: Well Placed To Benefit From The Upcoming Auto Industry Transformation
Feb 22Financial Position Analysis
Short Term Liabilities: MGA's short term assets ($14.3B) exceed its short term liabilities ($12.6B).
Long Term Liabilities: MGA's short term assets ($14.3B) exceed its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: MGA's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: MGA's debt to equity ratio has increased from 32.8% to 45.8% over the past 5 years.
Debt Coverage: MGA's debt is well covered by operating cash flow (56.8%).
Interest Coverage: MGA's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 08:12 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Magna International Inc. is covered by 42 analysts. 17 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 |
|---|---|
| Will Chien | Accountability Research Corporation |
| Dan Levy | Barclays |
| Tamy Chen | BMO Capital Markets Equity Research |