Myers Industries Balance Sheet Health
Financial Health criteria checks 6/6
Myers Industries has a total shareholder equity of $292.8M and total debt of $58.0M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are $541.6M and $248.8M respectively. Myers Industries's EBIT is $62.2M making its interest coverage ratio 9.8. It has cash and short-term investments of $30.3M.
Key information
19.8%
Debt to equity ratio
US$57.99m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$30.29m |
| Equity | US$292.80m |
| Total liabilities | US$248.83m |
| Total assets | US$541.63m |
Recent financial health updates
Recent updates
Shareholders Will Most Likely Find Myers Industries, Inc.'s (NYSE:MYE) CEO Compensation Acceptable
Apr 19
This 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 30We Ran A Stock Scan For Earnings Growth And Myers Industries (NYSE:MYE) Passed With Ease
Oct 28Myers Non-GAAP EPS of $0.41 beats by $0.08, revenue of $228.1M beats by $3.3M
Oct 27Myers declares $0.135 dividend
Oct 20Myers Industries (NYSE:MYE) Has Announced A Dividend Of $0.135
Sep 05Myers declares $0.135 dividend
Sep 01What Does Myers Industries, Inc.'s (NYSE:MYE) Share Price Indicate?
Aug 27Myers Non-GAAP EPS of $0.45 beats by $0.07, revenue of $233.2M beats by $15.66M, raises FY outlook
Aug 02Myers Industries: Fairly Valued Right Now
Jul 15At US$23.03, Is It Time To Put Myers Industries, Inc. (NYSE:MYE) On Your Watch List?
May 25Here's Why I Think Myers Industries (NYSE:MYE) Is An Interesting Stock
May 09Myers Industries (NYSE:MYE) Seems To Use Debt Rather Sparingly
Apr 21Myers Industries (NYSE:MYE) Has Affirmed Its Dividend Of US$0.14
Mar 07Should You Investigate Myers Industries, Inc. (NYSE:MYE) At US$16.45?
Feb 08Financial Position Analysis
Short Term Liabilities: MYE's short term assets ($256.6M) exceed its short term liabilities ($165.1M).
Long Term Liabilities: MYE's short term assets ($256.6M) exceed its long term liabilities ($83.7M).
Debt to Equity History and Analysis
Debt Level: MYE's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: MYE's debt to equity ratio has reduced from 49.7% to 19.8% over the past 5 years.
Debt Coverage: MYE's debt is well covered by operating cash flow (148.6%).
Interest Coverage: MYE's interest payments on its debt are well covered by EBIT (9.8x coverage).