Magna International Inc. reported a debt to total assets ratio of 22.4% and times interest earned ratio

Question:

Magna International Inc. reported a debt to total assets ratio of 22.4% and times interest earned ratio of 56.6 times at the end of its fiscal 2015 year. The industry averages at the time were 35.1% and 5.9 times, respectively. Is Magna's better or worse than that of the industry? Why?
Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...