Methode Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Methode Electronics has a total shareholder equity of $835.0M and total debt of $335.5M, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are $1.5B and $656.5M respectively. Methode Electronics's EBIT is $26.5M making its interest coverage ratio 1.8. It has cash and short-term investments of $122.9M.
Key information
40.2%
Debt to equity ratio
US$335.50m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$122.90m |
| Equity | US$835.00m |
| Total liabilities | US$656.50m |
| Total assets | US$1.49b |
Recent financial health updates
Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
Sep 05
Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
May 23Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
Jan 07Here's Why Methode Electronics (NYSE:MEI) Can Manage Its Debt Responsibly
Aug 23Recent updates
Methode Electronics' (NYSE:MEI) Dividend Will Be $0.14
Apr 10Methode Electronics, Inc. (NYSE:MEI) Not Doing Enough For Some Investors As Its Shares Slump 45%
Mar 20Methode Electronics (NYSE:MEI) Is Due To Pay A Dividend Of $0.14
Mar 18Be Wary Of Methode Electronics (NYSE:MEI) And Its Returns On Capital
Jan 04Methode Electronics: Still Not A Buy Even After The Big Correction
Dec 21Methode Electronics (NYSE:MEI) Will Pay A Dividend Of $0.14
Dec 13What Is Methode Electronics, Inc.'s (NYSE:MEI) Share Price Doing?
Nov 04Methode Electronics (NYSE:MEI) Has Affirmed Its Dividend Of $0.14
Oct 10Methode Electronics Looks Fairly Valued After Nordic Lights Acquisition
Oct 01Methode Electronics (NYSE:MEI) Has Affirmed Its Dividend Of $0.14
Sep 18Methode Electronics' (NYSE:MEI) Conservative Accounting Might Explain Soft Earnings
Sep 14Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
Sep 05Methode Electronics: Operating Margin Is Under Pressure
Jul 18Methode Electronics' (NYSE:MEI) Dividend Will Be $0.14
Jul 03Methode Electronics (NYSE:MEI) Is Paying Out A Dividend Of $0.14
Jun 19We Turn Bullish On Methode Electronics As The Price Dips
Jun 16At US$46.29, Is It Time To Put Methode Electronics, Inc. (NYSE:MEI) On Your Watch List?
Jun 08Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
May 23Methode Electronics (NYSE:MEI) Has Affirmed Its Dividend Of $0.14
Apr 05Methode Electronics (NYSE:MEI) Has Affirmed Its Dividend Of $0.14
Mar 20A Look At The Intrinsic Value Of Methode Electronics, Inc. (NYSE:MEI)
Mar 18What Does Methode Electronics, Inc.'s (NYSE:MEI) Share Price Indicate?
Feb 13Methode Electronics (NYSE:MEI) Has A Pretty Healthy Balance Sheet
Jan 07Methode Electronics declares $0.14 dividend
Dec 15Estimating The Fair Value Of Methode Electronics, Inc. (NYSE:MEI)
Nov 11Is It Too Late To Consider Buying Methode Electronics, Inc. (NYSE:MEI)?
Oct 12Methode Electronics (NYSE:MEI) Is Due To Pay A Dividend Of $0.14
Sep 18Methode Electronics declares $0.14 dividend
Sep 14Methode Electronics FQ1 2023 Earnings Preview
Aug 31Here's Why Methode Electronics (NYSE:MEI) Can Manage Its Debt Responsibly
Aug 23A Look At The Fair Value Of Methode Electronics, Inc. (NYSE:MEI)
Aug 04Methode Electronics (NYSE:MEI) Has Re-Affirmed Its Dividend Of US$0.14
Jul 04Methode Electronics GAAP EPS of $0.43 beats by $0.01, revenue of $288.7M misses by $0.52M, guides EPS and revenue above the consensus
Jun 23Methode Electronics (NYSE:MEI) Is Due To Pay A Dividend Of US$0.14
Jun 20Financial Position Analysis
Short Term Liabilities: MEI's short term assets ($629.8M) exceed its short term liabilities ($229.9M).
Long Term Liabilities: MEI's short term assets ($629.8M) exceed its long term liabilities ($426.6M).
Debt to Equity History and Analysis
Debt Level: MEI's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: MEI's debt to equity ratio has reduced from 44.9% to 40.2% over the past 5 years.
Debt Coverage: MEI's debt is well covered by operating cash flow (21.3%).
Interest Coverage: MEI's interest payments on its debt are not well covered by EBIT (1.8x coverage).