Universal Music Group Balance Sheet Health
Financial Health criteria checks 2/6
Universal Music Group has a total shareholder equity of €3.5B and total debt of €3.1B, which brings its debt-to-equity ratio to 87.9%. Its total assets and total liabilities are €15.2B and €11.7B respectively. Universal Music Group's EBIT is €1.7B making its interest coverage ratio 19.2. It has cash and short-term investments of €457.0M.
Key information
87.9%
Debt to equity ratio
€3.05b
Debt
| Interest coverage ratio | 19.2x |
| Cash | €457.00m |
| Equity | €3.47b |
| Total liabilities | €11.69b |
| Total assets | €15.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UMG's short term assets (€4.2B) do not cover its short term liabilities (€7.2B).
Long Term Liabilities: UMG's short term assets (€4.2B) do not cover its long term liabilities (€4.5B).
Debt to Equity History and Analysis
Debt Level: UMG's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: UMG's debt to equity ratio has increased from 0.6% to 87.9% over the past 5 years.
Debt Coverage: UMG's debt is well covered by operating cash flow (53.3%).
Interest Coverage: UMG's interest payments on its debt are well covered by EBIT (19.2x coverage).