Martinrea International Balance Sheet Health
Financial Health criteria checks 5/6
Martinrea International has a total shareholder equity of CA$1.5B and total debt of CA$1.0B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are CA$4.1B and CA$2.6B respectively. Martinrea International's EBIT is CA$300.3M making its interest coverage ratio 3.7. It has cash and short-term investments of CA$173.7M.
Key information
67.8%
Debt to equity ratio
CA$1.03b
Debt
Interest coverage ratio | 3.7x |
Cash | CA$173.69m |
Equity | CA$1.52b |
Total liabilities | CA$2.60b |
Total assets | CA$4.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRET.F's short term assets (CA$1.6B) exceed its short term liabilities (CA$1.3B).
Long Term Liabilities: MRET.F's short term assets (CA$1.6B) exceed its long term liabilities (CA$1.3B).
Debt to Equity History and Analysis
Debt Level: MRET.F's net debt to equity ratio (56.4%) is considered high.
Reducing Debt: MRET.F's debt to equity ratio has reduced from 68.8% to 67.8% over the past 5 years.
Debt Coverage: MRET.F's debt is well covered by operating cash flow (48.1%).
Interest Coverage: MRET.F's interest payments on its debt are well covered by EBIT (3.7x coverage).