Magazine Luiza Balance Sheet Health
Financial Health criteria checks 4/6
Magazine Luiza has a total shareholder equity of R$11.0B and total debt of R$4.5B, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are R$35.0B and R$24.0B respectively. Magazine Luiza's EBIT is R$111.4M making its interest coverage ratio 0.1. It has cash and short-term investments of R$1.9B.
Key information
40.6%
Debt to equity ratio
R$4.46b
Debt
| Interest coverage ratio | 0.1x |
| Cash | R$1.95b |
| Equity | R$10.97b |
| Total liabilities | R$24.00b |
| Total assets | R$34.98b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MGLU3's short term assets (R$17.4B) exceed its short term liabilities (R$13.4B).
Long Term Liabilities: MGLU3's short term assets (R$17.4B) exceed its long term liabilities (R$10.6B).
Debt to Equity History and Analysis
Debt Level: MGLU3's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: MGLU3's debt to equity ratio has increased from 37.4% to 40.6% over the past 5 years.
Debt Coverage: MGLU3's debt is well covered by operating cash flow (75.6%).
Interest Coverage: MGLU3's interest payments on its debt are not well covered by EBIT (0.1x coverage).