Magellan Financial Group Balance Sheet Health
Financial Health criteria checks 6/6
Magellan Financial Group has a total shareholder equity of A$1.0B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.1B and A$69.7M respectively. Magellan Financial Group's EBIT is A$266.9M making its interest coverage ratio 257.8. It has cash and short-term investments of A$322.6M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 257.8x |
| Cash | AU$322.57m |
| Equity | AU$1.02b |
| Total liabilities | AU$69.72m |
| Total assets | AU$1.09b |
Recent financial health updates
No updates
Recent updates
Lacklustre Performance Is Driving Magellan Financial Group Limited's (ASX:MFG) Low P/E
Nov 20
Earnings Beat: Magellan Financial Group Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 16Magellan Financial Group Limited's (ASX:MFG) Prospects Need A Boost To Lift Shares
Jul 04Magellan Financial Group Limited's (ASX:MFG) Earnings Are Not Doing Enough For Some Investors
Mar 18Magellan Financial Group's (ASX:MFG) Shareholders Will Receive A Smaller Dividend Than Last Year
Feb 17Magellan Financial Group Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Feb 16There's No Escaping Magellan Financial Group Limited's (ASX:MFG) Muted Earnings Despite A 28% Share Price Rise
Dec 18It's Unlikely That Magellan Financial Group Limited's (ASX:MFG) CEO Will See A Huge Pay Rise This Year
Oct 14Should You Or Shouldn't You: A Dividend Analysis on Magellan Financial Group Limited (ASX:MFG)
Mar 10Trade Alert: The CEO, MD & Executive Director Of Magellan Financial Group Limited (ASX:MFG), Brett Cairns, Has Just Spent AU$623k Buying 1.1% More Shares
Feb 17Magellan Financial Group Limited (ASX:MFG) Just Released Its Half-Year Results And Analysts Are Updating Their Estimates
Feb 12Shareholders Of Magellan Financial Group (ASX:MFG) Must Be Happy With Their 184% Total Return
Feb 09How Much Are Magellan Financial Group Limited (ASX:MFG) Insiders Taking Off The Table?
Jan 19
What Kind Of Investors Own Most Of Magellan Financial Group Limited (ASX:MFG)?
Dec 29Financial Position Analysis
Short Term Liabilities: MFG's short term assets (A$384.9M) exceed its short term liabilities (A$53.7M).
Long Term Liabilities: MFG's short term assets (A$384.9M) exceed its long term liabilities (A$16.0M).
Debt to Equity History and Analysis
Debt Level: MFG is debt free.
Reducing Debt: MFG has not had any debt for past 5 years.
Debt Coverage: MFG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MFG has no debt, therefore coverage of interest payments is not a concern.