Magellan Financial Group Balance Sheet Health
Financial Health criteria checks 6/6
Magellan Financial Group has a total shareholder equity of A$937.8M 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$117.9M respectively. Magellan Financial Group's EBIT is A$280.0M making its interest coverage ratio 689.7. It has cash and short-term investments of A$326.2M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | 689.7x |
Cash | AU$326.19m |
Equity | AU$937.77m |
Total liabilities | AU$117.91m |
Total assets | AU$1.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNA's short term assets (A$372.8M) exceed its short term liabilities (A$110.2M).
Long Term Liabilities: NNA's short term assets (A$372.8M) exceed its long term liabilities (A$7.7M).
Debt to Equity History and Analysis
Debt Level: NNA is debt free.
Reducing Debt: NNA has not had any debt for past 5 years.
Debt Coverage: NNA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NNA has no debt, therefore coverage of interest payments is not a concern.