Methanex Balance Sheet Health
Financial Health criteria checks 4/6
Methanex has a total shareholder equity of $2.4B and total debt of $2.4B, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are $6.6B and $4.2B respectively. Methanex's EBIT is $427.7M making its interest coverage ratio 3.6. It has cash and short-term investments of $891.9M.
Key information
101.4%
Debt to equity ratio
US$2.41b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$891.91m |
| Equity | US$2.38b |
| Total liabilities | US$4.22b |
| Total assets | US$6.60b |
Recent financial health updates
No updates
Recent updates
Methanex: Becoming A Methanol Giant
Sep 10Methanex: 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 31Financial Position Analysis
Short Term Liabilities: MEOH's short term assets ($1.9B) exceed its short term liabilities ($729.6M).
Long Term Liabilities: MEOH's short term assets ($1.9B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: MEOH's net debt to equity ratio (64%) is considered high.
Reducing Debt: MEOH's debt to equity ratio has reduced from 108.5% to 101.4% over the past 5 years.
Debt Coverage: MEOH's debt is well covered by operating cash flow (30.5%).
Interest Coverage: MEOH's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/12 23:26 |
| End of Day Share Price | 2025/02/12 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Methanex Corporation is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Alembic Global Advisors |
| Michael Leithead | Barclays |
| Joel Jackson | BMO Capital Markets Equity Research |