Methode Electronics Inc financial data

Symbol
MEI on NYSE
Industry
Electronic Connectors
Location
8750 West Bryn Mawr Avenue, Suite 1000, Chicago, Illinois
State of incorporation
Delaware
Fiscal year end
April 29
Latest financial report
10-Q - Q2 2024 - Sep 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 268 % -15.2%
Quick Ratio 84.4 % -2.47%
Debt-to-equity 80.5 % +32.9%
Return On Assets -9.9 % -362%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 35.2M shares -2.12%
Entity Public Float 453M USD -54.7%
Common Stock, Value, Issued 18.3M USD -2.14%
Weighted Average Number of Shares Outstanding, Basic 35.4M shares -0.74%
Weighted Average Number of Shares Outstanding, Diluted 35.4M shares -2.36%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.08B USD -8.73%
Operating Income (Loss) -123M USD -270%
Nonoperating Income (Expense) -200K USD +88.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -142M USD -318%
Income Tax Expense (Benefit) 300K USD -96.6%
Net Income (Loss) Attributable to Parent -143M USD -352%
Earnings Per Share, Basic -4.03 USD/shares -355%
Earnings Per Share, Diluted -4.02 USD/shares -361%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 111M USD -24.7%
Accounts Receivable, after Allowance for Credit Loss, Current 249M USD -17.4%
Inventory, Net 220M USD 0%
Assets, Current 612M USD -6.95%
Deferred Income Tax Assets, Net 36M USD +6.83%
Property, Plant and Equipment, Net 214M USD -5.06%
Operating Lease, Right-of-Use Asset 25.4M USD -13.9%
Intangible Assets, Net (Excluding Goodwill) 252M USD +0.36%
Goodwill 171M USD -43.6%
Other Assets, Noncurrent 766M USD -16.4%
Assets 1.38B USD -12.5%
Accounts Payable, Current 161M USD +22.1%
Employee-related Liabilities, Current 36.3M USD +36%
Liabilities, Current 261M USD +25.1%
Accrued Income Taxes, Noncurrent 9.3M USD -44.3%
Deferred Income Tax Liabilities, Net 27.9M USD -32.6%
Operating Lease, Liability, Noncurrent 19.9M USD -11.2%
Other Liabilities, Noncurrent 19.8M USD +15.8%
Liabilities 634M USD -1.29%
Accumulated Other Comprehensive Income (Loss), Net of Tax -36.3M USD -57.1%
Retained Earnings (Accumulated Deficit) 587M USD -23.2%
Stockholders' Equity Attributable to Parent 744M USD -20.1%
Liabilities and Equity 1.38B USD -12.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 10.9M USD
Net Cash Provided by (Used in) Financing Activities -48.2M USD -486%
Net Cash Provided by (Used in) Investing Activities -13.6M USD +1.45%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 36.6M shares -2.05%
Common Stock, Par or Stated Value Per Share 0.5 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -50.2M USD -452%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 111M USD -24.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.3M USD +10%
Deferred Tax Assets, Valuation Allowance 4.3M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 78M USD +13.7%
Operating Lease, Liability 27.3M USD -4.55%
Depreciation 33.8M USD +7.64%
Payments to Acquire Property, Plant, and Equipment 13.6M USD -1.45%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -141M USD -266%
Lessee, Operating Lease, Liability, to be Paid 31M USD -6.34%
Property, Plant and Equipment, Gross 554M USD -2.84%
Operating Lease, Liability, Current 6.9M USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Two 6.8M USD +13.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 7.7M USD -1.28%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.7M USD -17.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 6.2M USD +24%
Deferred Tax Assets, Operating Loss Carryforwards 13.2M USD -2.22%
Unrecognized Tax Benefits 4.4M USD -2.22%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.4M USD -15.4%
Operating Lease, Payments 2.3M USD 0%
Additional Paid in Capital 187M USD +2.36%
Amortization of Intangible Assets 24.2M USD +22.2%
Depreciation, Depletion and Amortization 14.1M USD +0.71%
Deferred Tax Assets, Net of Valuation Allowance 72.2M USD +16.8%