Methanex Balance Sheet Health
Financial Health criteria checks 3/6
Methanex has a total shareholder equity of $2.2B and total debt of $2.1B, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are $6.4B and $4.2B respectively. Methanex's EBIT is $248.5M making its interest coverage ratio 3. It has cash and short-term investments of $407.1M.
Key information
96.3%
Debt to equity ratio
US$2.14b
Debt
| Interest coverage ratio | 3x |
| Cash | US$407.07m |
| Equity | US$2.22b |
| Total liabilities | US$4.16b |
| Total assets | US$6.38b |
Recent financial health updates
No updates
Recent updates
Methanex: New G3 Project, Natural Gas Supply Agreement Highlight Positive Outlook
Feb 06Methanex: Ignore The Short-Term Noise, Grab A Long-Term Bargain
Oct 03Methanex says CEO John Floren to retire, announces NCIB to buy back stock
Sep 15Methanex: Premier Methanol Producer But Commodity Pricing On The Downswing
Jul 27Methanex raises dividend by 21% to $0.175
Jul 14Earth Focused Investments 3: Methanex Is A Volatile Take On Alternative Fuels
Mar 30Methanex: A New Era Of Higher Shareholder Returns, Potential Near 16% Yield
Jan 31Methanex: An Exciting 10% Yield May Follow As Soon As Early 2022
Nov 05Methanex: Dividends Surging Back As Expected With Plenty More To Follow
Aug 01Methanex gains on plans to restructure Trinidad operations
Jan 07Methanex hikes North American January methanol to two-year high
Dec 21Methanex declares $0.0375 dividend
Nov 18Financial Position Analysis
Short Term Liabilities: MEOH's short term assets ($1.4B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: MEOH's short term assets ($1.4B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: MEOH's net debt to equity ratio (78%) is considered high.
Reducing Debt: MEOH's debt to equity ratio has increased from 81% to 96.3% over the past 5 years.
Debt Coverage: MEOH's debt is well covered by operating cash flow (27.5%).
Interest Coverage: MEOH's interest payments on its debt are well covered by EBIT (3x coverage).