Magellan Aerospace Balance Sheet Health
Financial Health criteria checks 5/6
Magellan Aerospace has a total shareholder equity of CA$737.4M and total debt of CA$44.3M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CA$1.0B and CA$287.7M respectively. Magellan Aerospace's EBIT is CA$32.9M making its interest coverage ratio 8.9. It has cash and short-term investments of CA$1.5M.
Key information
6.0%
Debt to equity ratio
CA$44.32m
Debt
Interest coverage ratio | 8.9x |
Cash | CA$1.49m |
Equity | CA$737.42m |
Total liabilities | CA$287.66m |
Total assets | CA$1.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MALJ.F's short term assets (CA$550.8M) exceed its short term liabilities (CA$195.6M).
Long Term Liabilities: MALJ.F's short term assets (CA$550.8M) exceed its long term liabilities (CA$92.0M).
Debt to Equity History and Analysis
Debt Level: MALJ.F's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: MALJ.F's debt to equity ratio has reduced from 9.9% to 6% over the past 5 years.
Debt Coverage: MALJ.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MALJ.F's interest payments on its debt are well covered by EBIT (8.9x coverage).