Minerals Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Minerals Technologies has a total shareholder equity of $1.7B and total debt of $991.4M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are $3.3B and $1.6B respectively. Minerals Technologies's EBIT is $278.3M making its interest coverage ratio 4.6. It has cash and short-term investments of $316.4M.
Key information
58.4%
Debt to equity ratio
US$991.40m
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$316.40m |
| Equity | US$1.70b |
| Total liabilities | US$1.65b |
| Total assets | US$3.35b |
Recent financial health updates
Minerals Technologies (NYSE:MTX) Seems To Use Debt Quite Sensibly
Jul 02
These 4 Measures Indicate That Minerals Technologies (NYSE:MTX) Is Using Debt Extensively
Dec 17We Think Minerals Technologies (NYSE:MTX) Is Taking Some Risk With Its Debt
Sep 03These 4 Measures Indicate That Minerals Technologies (NYSE:MTX) Is Using Debt Extensively
May 19We Think Minerals Technologies (NYSE:MTX) Can Stay On Top Of Its Debt
Feb 05We Think Minerals Technologies (NYSE:MTX) Can Stay On Top Of Its Debt
Oct 15Recent updates
Minerals Technologies Inc.'s (NYSE:MTX) Intrinsic Value Is Potentially 66% Above Its Share Price
Aug 11Why Minerals Technologies Inc. (NYSE:MTX) Could Be Worth Watching
Jul 17Minerals Technologies (NYSE:MTX) Seems To Use Debt Quite Sensibly
Jul 02Getting In Cheap On Minerals Technologies Inc. (NYSE:MTX) Might Be Difficult
Jun 14We Think Minerals Technologies Inc.'s (NYSE:MTX) CEO Compensation Package Needs To Be Put Under A Microscope
May 09When Should You Buy Minerals Technologies Inc. (NYSE:MTX)?
Apr 11Minerals Technologies: Strong Financials Performance With An Attractive Valuation
Feb 08What Does Minerals Technologies Inc.'s (NYSE:MTX) Share Price Indicate?
Jan 01These 4 Measures Indicate That Minerals Technologies (NYSE:MTX) Is Using Debt Extensively
Dec 17Minerals Technologies Inc.'s (NYSE:MTX) Intrinsic Value Is Potentially 92% Above Its Share Price
Dec 02Minerals Technologies Is Offering A Good Opportunity To Keep Adding Shares
Nov 10Returns On Capital At Minerals Technologies (NYSE:MTX) Have Hit The Brakes
Oct 13When Should You Buy Minerals Technologies Inc. (NYSE:MTX)?
Sep 27We Think Minerals Technologies (NYSE:MTX) Is Taking Some Risk With Its Debt
Sep 03Minerals Technologies Q2: Unearthing The Challenges And Opportunities
Jul 31Minerals Technologies Inc.'s (NYSE:MTX) Intrinsic Value Is Potentially 68% Above Its Share Price
Jul 09Should You Investigate Minerals Technologies Inc. (NYSE:MTX) At US$54.19?
Jun 24Returns On Capital At Minerals Technologies (NYSE:MTX) Have Hit The Brakes
Jun 08These 4 Measures Indicate That Minerals Technologies (NYSE:MTX) Is Using Debt Extensively
May 19Is Minerals Technologies Inc. (NYSE:MTX) Trading At A 43% Discount?
Mar 29Is Now The Time To Look At Buying Minerals Technologies Inc. (NYSE:MTX)?
Mar 10Returns At Minerals Technologies (NYSE:MTX) Appear To Be Weighed Down
Feb 21We Think Minerals Technologies (NYSE:MTX) Can Stay On Top Of Its Debt
Feb 05Minerals Technologies GAAP EPS of $0.62 misses by $0.58, revenue of $508M misses by $8.83M
Feb 02Minerals Technologies declares $0.05 dividend
Jan 25Is There An Opportunity With Minerals Technologies Inc.'s (NYSE:MTX) 49% Undervaluation?
Dec 20At US$62.71, Is It Time To Put Minerals Technologies Inc. (NYSE:MTX) On Your Watch List?
Dec 05Minerals Technologies' (NYSE:MTX) Returns Have Hit A Wall
Nov 17Erik Aldag named CFO of Minerals Technologies
Nov 14Minerals Technologies Non-GAAP EPS of $1.35 misses by $0.05, revenue of $542M beats by $8.83M
Oct 27Minerals Technologies declares $0.05 dividend
Oct 19We Think Minerals Technologies (NYSE:MTX) Can Stay On Top Of Its Debt
Oct 15Is There An Opportunity With Minerals Technologies Inc.'s (NYSE:MTX) 40% Undervaluation?
Aug 31Minerals Technologies stock closes more than 4% lower after CL King downgrades to neutral
Aug 30Is It Time To Consider Buying Minerals Technologies Inc. (NYSE:MTX)?
Aug 17Financial Position Analysis
Short Term Liabilities: MTX's short term assets ($1.1B) exceed its short term liabilities ($453.6M).
Long Term Liabilities: MTX's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MTX's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: MTX's debt to equity ratio has reduced from 69.4% to 58.4% over the past 5 years.
Debt Coverage: MTX's debt is well covered by operating cash flow (26.3%).
Interest Coverage: MTX's interest payments on its debt are well covered by EBIT (4.6x coverage).