Magnite Balance Sheet Health
Financial Health criteria checks 4/6
Magnite has a total shareholder equity of $725.9M and total debt of $553.8M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are $2.7B and $2.0B respectively. Magnite's EBIT is $46.0M making its interest coverage ratio 1.5. It has cash and short-term investments of $387.2M.
Key information
76.3%
Debt to equity ratio
US$553.81m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$387.24m |
| Equity | US$725.88m |
| Total liabilities | US$2.01b |
| Total assets | US$2.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 15R's short term assets ($1.6B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: 15R's short term assets ($1.6B) exceed its long term liabilities ($598.4M).
Debt to Equity History and Analysis
Debt Level: 15R's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: 15R's debt to equity ratio has increased from 0% to 76.3% over the past 5 years.
Debt Coverage: 15R's debt is well covered by operating cash flow (37.8%).
Interest Coverage: 15R's interest payments on its debt are not well covered by EBIT (1.5x coverage).