Methanex Corporation

NasdaqGS:MEOH Stock Report

Market Cap: US$3.2b

Methanex Balance Sheet Health

Financial Health criteria checks 4/6

Methanex has a total shareholder equity of $2.3B and total debt of $2.1B, which brings its debt-to-equity ratio to 92.5%. Its total assets and total liabilities are $6.5B and $4.2B respectively. Methanex's EBIT is $321.8M making its interest coverage ratio 6.1. It has cash and short-term investments of $511.1M.

Key information

92.5%

Debt to equity ratio

US$2.13b

Debt

Interest coverage ratio6.1x
CashUS$511.10m
EquityUS$2.31b
Total liabilitiesUS$4.18b
Total assetsUS$6.48b

Recent financial health updates

No updates

Recent updates

Methanex: Becoming A Methanol Giant

Sep 10

Methanex: New G3 Project, Natural Gas Supply Agreement Highlight Positive Outlook

Feb 06

Methanex: Ignore The Short-Term Noise, Grab A Long-Term Bargain

Oct 03

Methanex says CEO John Floren to retire, announces NCIB to buy back stock

Sep 15

Methanex: Premier Methanol Producer But Commodity Pricing On The Downswing

Jul 27

Methanex raises dividend by 21% to $0.175

Jul 14

Earth Focused Investments 3: Methanex Is A Volatile Take On Alternative Fuels

Mar 30

Methanex: A New Era Of Higher Shareholder Returns, Potential Near 16% Yield

Jan 31

Methanex: An Exciting 10% Yield May Follow As Soon As Early 2022

Nov 05

Financial Position Analysis

Short Term Liabilities: MEOH's short term assets ($1.7B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: MEOH's short term assets ($1.7B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: MEOH's net debt to equity ratio (70.3%) is considered high.

Reducing Debt: MEOH's debt to equity ratio has reduced from 126.9% to 92.5% over the past 5 years.

Debt Coverage: MEOH's debt is well covered by operating cash flow (30.6%).

Interest Coverage: MEOH's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


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