Myers Industries Balance Sheet Health
Financial Health criteria checks 1/6
Myers Industries has a total shareholder equity of $275.6M and total debt of $395.8M, which brings its debt-to-equity ratio to 143.6%. Its total assets and total liabilities are $905.0M and $629.4M respectively. Myers Industries's EBIT is $62.9M making its interest coverage ratio 2.6. It has cash and short-term investments of $29.7M.
Key information
143.6%
Debt to equity ratio
US$395.78m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$29.71m |
| Equity | US$275.64m |
| Total liabilities | US$629.36m |
| Total assets | US$905.00m |
Recent financial health updates
No updates
Recent updates
Myers Industries (NYSE:MYE) Is Paying Out A Dividend Of $0.135
Nov 22
Myers Industries (NYSE:MYE) Will Pay A Dividend Of $0.135
Oct 31Myers Industries And Its Real Value
Oct 10Is It Time To Consider Buying Myers Industries, Inc. (NYSE:MYE)?
Oct 04Myers Industries (NYSE:MYE) Is Due To Pay A Dividend Of $0.135
Sep 08Myers Industries' (NYSE:MYE) Dividend Will Be $0.135
Jun 16Take Care Before Jumping Onto Myers Industries, Inc. (NYSE:MYE) Even Though It's 26% Cheaper
May 14Myers Industries, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 10Shareholders Will Most Likely Find Myers Industries, Inc.'s (NYSE:MYE) CEO Compensation Acceptable
Apr 19This Analyst Just Wrote A Brand New Outlook For Myers Industries, Inc.'s (NYSE:MYE) Business
Mar 10Myers Industries (NYSE:MYE) Is Paying Out A Dividend Of $0.135
Mar 05Myers Industries: Buying Growth
Jan 03Returns At Myers Industries (NYSE:MYE) Are On The Way Up
Dec 15Myers Industries (NYSE:MYE) Is Paying Out A Dividend Of $0.135
Nov 13Some Myers Industries, Inc. (NYSE:MYE) Analysts Just Made A Major Cut To Next Year's Estimates
Nov 08Myers Industries (NYSE:MYE) Has Announced A Dividend Of $0.135
Oct 30Myers Industries: Compressed Multiples Disconnect From Economic Performance, Rate Buy
Sep 13Myers Industries (NYSE:MYE) Has Affirmed Its Dividend Of $0.135
Sep 08Myers Industries (NYSE:MYE) Is Due To Pay A Dividend Of $0.135
Jun 08Myers Industries (NYSE:MYE) Is Due To Pay A Dividend Of $0.135
Mar 06Myers Industries: Strong Trends And Upside Potential
Feb 06Myers Industries, Inc. (NYSE:MYE) Shares Could Be 49% Below Their Intrinsic Value Estimate
Jan 12Myers Industries (NYSE:MYE) Is Paying Out A Dividend Of $0.135
Nov 20Myers Industries (NYSE:MYE) Has Announced A Dividend Of $0.135
Oct 30Financial Position Analysis
Short Term Liabilities: MYE's short term assets ($275.2M) exceed its short term liabilities ($153.3M).
Long Term Liabilities: MYE's short term assets ($275.2M) do not cover its long term liabilities ($476.0M).
Debt to Equity History and Analysis
Debt Level: MYE's net debt to equity ratio (132.8%) is considered high.
Reducing Debt: MYE's debt to equity ratio has increased from 47.1% to 143.6% over the past 5 years.
Debt Coverage: MYE's debt is not well covered by operating cash flow (17%).
Interest Coverage: MYE's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 00:06 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
Myers Industries, Inc. is covered by 7 analysts. 1 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 |
|---|---|
| Timothy Wojs | Baird |
| Gary Farber | CL King & Associates, Inc. |
| Tyler Langton | J.P. Morgan |