Magnera Balance Sheet Health
Financial Health criteria checks 6/6
Magnera has a total shareholder equity of $2.4B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $3.0B and $582.0M respectively. Magnera's EBIT is $61.0M making its interest coverage ratio 15.3. It has cash and short-term investments of $176.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 15.3x |
| Cash | US$176.00m |
| Equity | US$2.39b |
| Total liabilities | US$582.00m |
| Total assets | US$2.98b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MAGN's short term assets ($872.0M) exceed its short term liabilities ($375.0M).
Long Term Liabilities: MAGN's short term assets ($872.0M) exceed its long term liabilities ($207.0M).
Debt to Equity History and Analysis
Debt Level: MAGN is debt free.
Reducing Debt: MAGN has not had any debt for past 5 years.
Debt Coverage: MAGN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAGN has no debt, therefore coverage of interest payments is not a concern.