Modine Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Modine Manufacturing has a total shareholder equity of $735.2M and total debt of $330.8M, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are $1.7B and $916.2M respectively. Modine Manufacturing's EBIT is $240.3M making its interest coverage ratio 12. It has cash and short-term investments of $149.7M.
Key information
45.0%
Debt to equity ratio
US$330.80m
Debt
| Interest coverage ratio | 12x |
| Cash | US$149.70m |
| Equity | US$735.20m |
| Total liabilities | US$916.20m |
| Total assets | US$1.65b |
Recent financial health updates
We Think Modine Manufacturing (NYSE:MOD) Can Stay On Top Of Its Debt
Mar 01
These 4 Measures Indicate That Modine Manufacturing (NYSE:MOD) Is Using Debt Reasonably Well
Nov 06Here's Why Modine Manufacturing (NYSE:MOD) Can Manage Its Debt Responsibly
Aug 02Is Modine Manufacturing (NYSE:MOD) A Risky Investment?
Jan 06Recent updates
Modine Manufacturing Stock: A Downgrade Looks Logical
Apr 16Investors Should Be Encouraged By Modine Manufacturing's (NYSE:MOD) Returns On Capital
Apr 08Here's Why We Think Modine Manufacturing (NYSE:MOD) Is Well Worth Watching
Mar 25Modine Manufacturing: AI Exposure No Longer Under The Radar
Mar 06We Think Modine Manufacturing (NYSE:MOD) Can Stay On Top Of Its Debt
Mar 01Subdued Growth No Barrier To Modine Manufacturing Company (NYSE:MOD) With Shares Advancing 25%
Feb 17Is There An Opportunity With Modine Manufacturing Company's (NYSE:MOD) 28% Undervaluation?
Jan 23Modine Manufacturing: Accelerating Trajectory With Further Upside
Jan 11Earnings Not Telling The Story For Modine Manufacturing Company (NYSE:MOD)
Dec 27Should You Be Adding Modine Manufacturing (NYSE:MOD) To Your Watchlist Today?
Dec 05Modine Manufacturing: Expect More Restructuring And Acquisitions For Next Phase Of Growth
Nov 26We Think Modine Manufacturing (NYSE:MOD) Might Have The DNA Of A Multi-Bagger
Nov 20Modine Manufacturing Stock Now Has Even Bigger Potential Upside
Nov 08These 4 Measures Indicate That Modine Manufacturing (NYSE:MOD) Is Using Debt Reasonably Well
Nov 06Rare Stock Picks In September 2023 - From 32 Discerning Analysts
Oct 06An Intrinsic Calculation For Modine Manufacturing Company (NYSE:MOD) Suggests It's 39% Undervalued
Sep 22Special Situations Report: Modine Manufacturing
Sep 14Is Now The Time To Put Modine Manufacturing (NYSE:MOD) On Your Watchlist?
Sep 05Modine Manufacturing's (NYSE:MOD) Returns On Capital Are Heading Higher
Aug 15Here's Why Modine Manufacturing (NYSE:MOD) Can Manage Its Debt Responsibly
Aug 02Modine Manufacturing Stock Is Still A Solid Bet On EV Future
Jul 11Estimating The Fair Value Of Modine Manufacturing Company (NYSE:MOD)
Jun 21Modine Manufacturing Company: The Future Is Promising And Valuation Is Reasonable
Jun 14Here's Why We Think Modine Manufacturing (NYSE:MOD) Is Well Worth Watching
Jun 01Investors Will Want Modine Manufacturing's (NYSE:MOD) Growth In ROCE To Persist
May 03Calculating The Fair Value Of Modine Manufacturing Company (NYSE:MOD)
Mar 16With EPS Growth And More, Modine Manufacturing (NYSE:MOD) Makes An Interesting Case
Mar 03Modine Manufacturing (NYSE:MOD) Is Looking To Continue Growing Its Returns On Capital
Feb 01Modine Manufacturing: The Risks Outweigh The Rewards
Jan 31Is Modine Manufacturing (NYSE:MOD) A Risky Investment?
Jan 06Modine Coatings join hands with Air Solutions Partners
Dec 12Financial Position Analysis
Short Term Liabilities: MOD's short term assets ($918.2M) exceed its short term liabilities ($475.5M).
Long Term Liabilities: MOD's short term assets ($918.2M) exceed its long term liabilities ($440.7M).
Debt to Equity History and Analysis
Debt Level: MOD's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: MOD's debt to equity ratio has reduced from 86.4% to 45% over the past 5 years.
Debt Coverage: MOD's debt is well covered by operating cash flow (64.9%).
Interest Coverage: MOD's interest payments on its debt are well covered by EBIT (12x coverage).