Magazine Luiza Balance Sheet Health
Financial Health criteria checks 4/6
Magazine Luiza has a total shareholder equity of R$11.1B and total debt of R$4.8B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are R$35.7B and R$24.6B respectively. Magazine Luiza's EBIT is R$1.4B making its interest coverage ratio 1.8. It has cash and short-term investments of R$1.8B.
Key information
43.8%
Debt to equity ratio
R$4.84b
Debt
| Interest coverage ratio | 1.8x |
| Cash | R$1.81b |
| Equity | R$11.06b |
| Total liabilities | R$24.64b |
| Total assets | R$35.70b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MGLU3's short term assets (R$17.7B) exceed its short term liabilities (R$14.3B).
Long Term Liabilities: MGLU3's short term assets (R$17.7B) exceed its long term liabilities (R$10.3B).
Debt to Equity History and Analysis
Debt Level: MGLU3's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: MGLU3's debt to equity ratio has increased from 35.9% to 43.8% over the past 5 years.
Debt Coverage: MGLU3's debt is well covered by operating cash flow (58.2%).
Interest Coverage: MGLU3's interest payments on its debt are not well covered by EBIT (1.8x coverage).